🛑 Experts Predict US Recession in 2025 if Trump-China Trade War Tariffs Stay 📉
The ongoing Trump-China trade war has the netizens in complete turmoil, as the US Recession odds rise in 2025.
Although there have been concerns around this topic, the Chief Economist at Apollo Global Management has fueled the fear.
Recently, he claimed that an economic slump is to hit America in 2025 amid the tariff situation. Let’s discuss what he has to say.
The US government under Trump’s leadership has ignited a trade war, especially with China, placing a 145% tariff on imported goods from there.
Although Trump granted a 90-day pause on reciprocal tariffs, the failure of new updates on the situation increases the odds of further turmoil.
Slok has pointed out the same, claiming that if the Trump-Chain trade war stays put, the gross domestic product (GDP) could drop by 4%. More importantly, he predicted a 90% probability of a two-quarter economic contraction.
An Apollo report clearly mentioned their prediction of a US recession in the Summer of 2025.
