By James GlynnSYDNEY--The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration's sweeping new tariff regime, according to Wall Street banking giant JPMorgan."Disruptive U.S. policies have been recognized as the…
  • N0body@lemmy.dbzer0.comEnglish
    10·
    2 days ago

    Raises the risk to 60%… so far. Who knows what else is in Trump’s bag of tricks to crash the global economy?

    I don’t get the benefit for Trump in trashing the economy. I understand lying to get elected, but no one who elected him actually expects him to follow up on anything he said. After backing down on tariffs so many times, why go forward now?

    How does he benefit personally? That’s his only consideration. Does a global recession allow him to buy depreciated assets? Force lower interest rates? Hope that far right parties rise in the misery? I can’t wrap my head around it.