It takes a truly epic shock to push the global economy into recession. Did Donald Trump’s reciprocal tariff gambit just shove the world into one?
Asian policymakers can’t help but fear the worst as the region bears the disproportionate brunt of the US president’s global revenge tour.
Liberation Day? More like “Obliteration Day,” quips Neil Dutta, economist at Renaissance Macro Research, as about US$2.5 trillion was erased from the S&P 500 Index on Thursday (April 3) alone. Already, economists at JPMorgan fear a Trump recession is likely.
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