With President Donald Trump's sweeping new tariffs now in effect, top analysts are sounding the alarm on the global economic outlook. JPMorgan has significantly increased its recession forecast, now estimating a 60% chance of a downturn. The investment bank warns that the tariffs amount to a 'ticking time bomb', with retaliatory measures from global trade partners all but inevitable—and American consumers set to bear the brunt of soaring import prices.
