TRUMP’S TARIFF WAR : CHINA HITS BACK: 34% TARIFF ON ALL U.S. GOODS STARTS APRIL 10 : TRUMP TARIFFS WILL PUSH U.S. INTO RECESSION THIS YEAR!?

Mario Nawfal

@MarioNawfal
🇺🇸 JPMORGAN: TRUMP TARIFFS WILL PUSH U.S. INTO RECESSION THIS YEAR!?

JPMorgan now expects the U.S. economy to contract this year, slashing its GDP forecast from +1.3% to -0.3% following Trump’s sweeping tariffs.

Unemployment is projected to rise to 5.3%, with the Fed likely to cut rates at every meeting through January—even as inflation climbs.

Welcome to stagflation, 2025 edition.

Source: Bloomberg

Mario Nawfal

@MarioNawfal
🚨GLOBAL RECESSION RISK SURGES TO 60% AFTER TRUMP TARIFF SHOCK, MARKETS PLUNGE

Global stocks plunged again today after China retaliated with 34% tariffs on all U.S. goods, deepening the selloff sparked by Trump’s sweeping tariff plan.

The S&P 500 futures sank 2.7%, Nasdaq dropped another 2.8%, and Europe’s STOXX 600 crashed 4.4%, marking its worst day since the COVID crash. Japan’s Nikkei 225 slumped 2.8% for a second straight session.

Oil plunged 6%, bank stocks collapsed, and traders are now pricing in over 100 basis points in Fed rate cuts as fears of a global recession skyrocket. J.P. Morgan now puts the risk of a U.S. downturn at 60%.

Source: Reuters

Mario Nawfal

@MarioNawfal
🚨🇺🇸NEWSOM PLEADS FOR CALIFORNIA EXEMPTIONS AS TRUMP TARIFFS HIT GLOBAL TRADE

Newsom is urging world leaders to exclude California-made goods from retaliatory tariffs sparked by Trump’s sweeping “Liberation Day” trade policy.

Facing a potential economic blow, Newsom warns the tariffs could devastate California’s top exports—especially almonds, which make up 20% of the state’s $23.6B agri-exports and dominate the global market.

With $675B in annual trade and millions of jobs at stake, Newsom’s team argues that cross-border supply chains, wildfire recovery materials, and everyday consumer costs are all under threat.

Source: Fox News

Mario Nawfal

@MarioNawfal
🚨GLOBAL MARKETS DROP AGAIN AS TRUMP TARIFF FEARS SPREAD

Markets in Asia and Europe fell sharply for a second straight day, with U.S. stocks poised to open lower, as anxiety grows over the economic fallout from Trump’s sweeping tariffs.

Japan’s Nikkei 225 dropped 2.8%, matching Thursday’s loss after the U.S. slapped a 24% tariff on Japanese goods. South Korea’s Kospi fell 0.9%, reacting to a 26% tariff on Korean imports.

Source: NYT

Mario Nawfal

@MarioNawfal
🚨🇺🇸WALL STREET BLEEDS $2.5 TRILLION AS TRUMP TARIFF SHOCK HITS GLOBAL MARKETS

U.S. markets are reeling after Trump’s sweeping new tariffs, with the Dow, S&P 500, and Nasdaq all plunging in pre-market trading today.

Thursday saw the worst single-day sell-off since 2020, wiping out $2.5 trillion in value amid fears of a full-blown trade war.

Dow futures dropped over 350 points, while S&P 500 and Nasdaq contracts continued their descent—driven by panic over reciprocal tariffs and economic uncertainty.

Despite the chaos, Trump stood firm aboard Air Force One, calling the tariff rollout “very successful” and welcoming “phenomenal” trade deals.

Economists now warn of a looming recession, with investors anxiously awaiting the March jobs report and a key speech from Fed Chair Jerome Powell.

Source: Yahoo Finance, Fox News

Mario Nawfal

@MarioNawfal
🚨🇨🇳CHINA HITS BACK: 34% TARIFF ON ALL U.S. GOODS STARTS APRIL 10

Beijing just announced a sweeping 34% tariff on all American imports, effective April 10—directly retaliating against Trump’s recent tariff escalation.

The move, confirmed by China’s finance ministry, marks a major escalation in the ongoing U.S.-China trade standoff.

From agriculture to tech, every U.S. industry exporting to China is now in the crosshairs.

Source: Reuters

Mario Nawfal

@MarioNawfal
🇺🇸 TRUMP’S TARIFF WAR: CANADA, EU, AND CHINA BACK DOWN

Canada imposed a 25% energy surcharge — then quickly backed off after Trump threatened double tariffs on steel and aluminum.

The EU warned of billions in tariffs — Trump countered with threats to pull U.S military support.

China tried to sidestep tariffs by buying U.S companies — Trump blocked it with new investment restrictions.

Now he’s weighing tariff relief for real American manufacturers.