#TariffsPause #TariffsPause

In recent weeks, the administration of President Donald Trump has reignited the trade war with China by imposing import tariffs of up to 145% on various goods from the world's second-largest economy. In response, China has also launched strong retaliatory measures, causing global supply chains to continue to be disrupted and the cost of goods to rise.

As a result, the global economy is facing a distinct risk of recession: the IMF has lowered its global growth forecast to 2.8%, while analysts warn that U.S. GDP could drop by 6% if the tariff war continues. Inflation is rising, consumer spending is weakening, and the risk of shortages of goods could return as during the pandemic.