U.S. Tariffs Stoke Recession Fears: What Retirees Need to Know About Safeguarding Their Financial Legacy
As reported by Reuters on April 4, 2025, JPMorgan has sharply increased the probability of a global recession to 60%. This comes in response to the Biden administration’s newly imposed tariffs on Chinese imports—reviving trade tensions at a time when the global economy is already navigating inflationary pressures and interest rate uncertainty.
