JPMorgan: Donald Trump’s tariffs will cause ‘blood’, raise recession risk to 60%

JPMorgan’s chief global economist has issued a stark warning about the potential consequences of President Donald Trump’s aggressive tariff policy, predicting that “There will be blood.” In a research note published Thursday, JPMorgan’s Bruce Kasman, along with a team of company economists, cautioned that the probability of the global economy sliding into a recession has […]