Trump’s tariffs will tip America into recession, warns JP Morgan
The Telegraph reports: Donald Trump’s tariffs will tip the world’s largest economy into recession, America’s biggest investment bank has warned. Investment bank JP Morgan has torn up its growth forecasts for the US, after global stocks tumbled and wiped more than $5 trillion (£3.8 trillion) off America’s most valuable companies in only two days. The investment bank downgraded US growth by 1.6 percentage points for this year, while predicting far higher unemployment that could leave nearly 2m additional Americans jobless….