New Delhi, Washington: On this day in April, after the announcement of mutual tariff by President Trump, a wave of mourning spread around the world. The reason for this is simple: America contributes about 40 percent of the total world trade.
After Trump’s tariff declaration (dated 2-4-25), analyst firm J.P. Morgan, who is constantly monitoring global economies, Morgan said that Trump’s action would push the US towards recession. By the end of this year, the US will be hit by recession.
J.P. Morgan’s chief economist Michael Fillment said that these tariffs would also shrink the US economy.
The website Daheel says that under the pressure of tariffs, the GDP (GDP) of the country (America) will decrease. On the other hand, unemployment will increase to 5.3 percent.
The Trump administration claims that tariffs are being increased to reduce trade imbalance.
In this regard, Jerome Powell, chairman of the US Federal Reserve Bank, has also expressed concern over the tariff growth. In a speech to the Business Journalist Forum on Friday, he said that uncertainty is spreading on the one hand, on the other hand, the tariff hike is becoming more shock than expected. It is likely to have a double impact on the economy. Inflation will increase on one side, on the other hand development will slow down.
According to President Trump’s tariff scheme, 10 percent tariff has been imposed on imports from all countries from April 5 (today), and from April 9, 26 percent will be imported on trade deficit countries. (Originally 27 percent has been reduced to 26 percent.)
Global brokerage firm Jeffers has given a little positive forecast on it. 26 percent tariff is appropriate. Along with this, Jefferies has clarified that it will not have a direct impact on exports such as IT, field services, medicines and automobiles from India.
Jefferies have also described this 26 percent tariff as appropriate. However, the company says that US economic recession may slow down, especially in the Indian exports, especially in the IT sector.
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