Economists warn of recession as US–China tariff war escalates
The US-China trade war, sparked by Trump's tariffs, has caused concern among economists and markets. China has retaliated with high tariffs on US goods, leading to fears of a recession with job and income losses. Goldman Sachs lowers recession odds, but JPMorgan remains pessimistic. Uncertainty, stock market losses, and weak consumer confidence have led to a "sell America" sentiment.