Ukraine plans to introduce vaccination certificates against COVID-19.
04.04.2025
2626

Journalist
Shostal Oleksandr
04.04.2025
2626

On Friday, Fox News Digital received a copy of the JPMorgan report stating that the chances of a recession have significantly increased after President Donald Trump announced tariffs. The report, dated April 3 and titled 'There Will Be Blood', notes that if such policies continue, it is likely to lead to a recession in the US and possibly in the global economy this year. Updated data on a familiar scenario tree confirms this fact, raising the risk of recession this year to 60%. In response, White House Press Secretary Kush DeSai stated that 'predictions from 'experts' like Chicken Little have not materialized during the first term of President Trump and will not materialize during his second term when President Trump once again brings greatness to the American people from Main Street to Wall Street.' In turn, Donald Trump called the day of the tariff announcement 'Liberation Day'. After the president's announcement, the stock market took a big hit and continued to fall on Friday. This was reported by economist and global strategist at Euro Pacific Asset Management Peter Schiff, who believes that tariffs are 'a giant tax increase in the form of higher prices on virtually everything Americans buy.' Some Republicans support Trump's tariff policy, while others do not.
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