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The Latest Breaking News from Recession

JPMorgan now predicts a 60 percent chance of a recession this year as Trump’s tariffs rock stock market

The Dow Jones fell 1,000 points at opening on Friday as investors reels from Trump’s tariff announcement

The Independent UK

Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned

With Trump enacting tariffs in the most uncertainty-inducing way possible, businesses are paralyzed—with devastating repercussions.

Fortune

China retaliates against Trump in trade war with 34% tariffs on US imports

Fears of global recession rise as stock markets continue to fall after China responds to US president’s ‘bullying practice’

The Guardian - UK

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‘There will be blood’: JPMorgan raises recession risk to 60% as global stock market sell off continues

Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.

Fortune

Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’

Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.

Fortune

Global recession on the cards

Also: Stocks suffered their biggest one-day drop since 2020, JPMorgan says “There will be blood.”

Fortune

Crypto Bettors Raise US Recession Odds On Polymarket: 'Trump Is A Traitor To America'

Some Polymarket bettors believe U.S. President Donald Trump has betrayed the American people after he announced new tariffs on various countries as part of his strategy to rebalance what he said was unfair trade with his country.

International Business Times

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Asian Stocks Extend Global Rout After Trump's Shock Tariff Blitz

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

International Business Times

House Democrats Slam Republicans as 'Complicit Cowards': 'They Would Rather Plunge the US Into a Recession'

House Democrats slammed Republicans for blindly following President Donald Trump's impending reciprocal tariffs.

Latin Times

Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024

Respondents to a Federal Reserve Bank of Dallas survey expressed concern about a reduction in consumer demand and a potential recession.

The Texas Tribune

Trump’s chaos-inducing global tariffs, explained in charts

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The Guardian - US

Morning Mail: Trump tariffs trigger Wall Street slump, Liberal candidate’s fringe views, Gen Z’s gender voter divide

Traders rush to sell stocks amid recession fears and widespread criticism of US policy; younger voters say men and women are growing apart politically

The Guardian - AU

The markets are tumbling — how can you recession-proof your finances?

With global markets in disarray, is now the time to panic or stash cash in your attic? Personal finance influencer Vivian Tu, tells Mike Bedigan what people should be doing instead

The Independent UK

Why has Trump launched so many tariffs and will it cause a recession? Expert Q&A

Donald Trump has always talked about how much he likes tariffs. And on April 2 2025, he showed that he meant it. For the president it was “liberation day”, but for his fellow world leaders it was a tense wait to see what percentage figure would be attached to their…

The Conversation

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Barchart

Stocks Plummet Before the Open as Trump’s Tariffs Stoke Recession Worries

June S&P 500 E-Mini futures (ESM25) are down -3.09%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.42% this morning, pointing to a sharply lower open on Wall Street as sweeping tariffs announced by U.S. President Donald Trump fueled fears of an escalating trade war and economic slowdown.

Al Jazeera

‘Nothing is off the table’: World leaders react to Trump’s tariffs

Analysts warn of price hikes and a potential recession in the US, where stock futures have dropped.

The Independent UK

FTSE 100 share prices sink after Trump tariffs announcement as analysts warn of high US recession risk

Analysts warning of ‘high risk’ US now enters recession this year after unveiling blanket global tariffs

The Independent UK

Why Trump’s trade war is stoking recession fears in the US

Trump finally unveiled his long-awaited tariff plan. Here’s what happened on ‘liberation day’

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The Independent UK

Stock futures plunge after Trump announces ‘Liberation Day’ agenda of worldwide tariffs

Forecasters predicting high chance of recession in next 12 months

The Independent UK

There is now only a slim chance that a global recession can be averted

THE INDEPENDENT VIEW: Editorial: Decades of painstaking work to establish rules for international trade are being undone by the stroke of a presidential Sharpie. To restore order, something akin to a peace process will be needed

The Independent UK

Trump’s ‘liberation day’ is here. What do his tariffs mean for Americans?

Economists fear the president’s escalating trade war could have a damaging ripple effect that drives up prices

Euronews

Europe braces for Trump’s tariffs: What could the economic damage be?

Trump’s tariffs on EU goods could slash exports by at least €85 billion, hitting autos and pharmaceuticals hardest. Germany, Denmark and Central Europe face sharp fallout, raising recession risks and forcing the ECB to consider rate cuts.

Barchart

Mark Cuban Warns of ‘Red Rural Recession’ Amid DOGE and Trump Federal Job Cuts: ‘Their Finances Will Be Turned Upside’

Mark Cuban warns of a looming “Red Rural Recession” as federal job cuts under Trump’s administration disproportionately devastate small towns, veterans, and civil servants who now face mass layoffs, economic turmoil, and regret.

International Business Times UK

US Airline Stocks Are Plummeting Amid Waning Demand—Is Now The Right Time To Invest?

The US airline industry faces volatility in the near term amid low consumer confidence, tariff uncertainty, border policies, recession fears, and a slump in corporate travel.

Marie Claire

Recession Indicators Don’t Just Hit Wall Street—They Hit Fashion, Too

When trend forecasters look at these throwback styles, they see economic history repeating.

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