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If US tariffs remain, it could push US economy to the precipice of a recession - BofA
USD
The firm says that should the latest set of tariffs remain in place, it could push the US economy "to the precipice of a recession". Well, that's the hot take after Trump's announcement yesterday it would seem. From earlier:
- Barclays warns of strong possibility of a US recession this year
- JP Morgan say Trump tariffs the largest tax increase since 1968 , US recession risk higher
Source: Forex Live
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