‘Major Economic Disaster’ Amid Trump Tariffs: American Small Business Owners Face Closures, Price Hikes, And Losses

President Donald Trump’s announcement of new tariffs on April 2 sent shockwaves across global financial markets and continues to weigh on market sentiment. Economists are now warning of an increased risk of recession as nations respond with retaliatory duties against the US. JPMorgan Chase (NYSE:JPM) in April raised its odds of recession to 60% from 40%, citing supply-chain shocks due to tariffs. Tariffs and trade wars between major countries are now taking a real toll on businesses. An entrepreRead More