President Trump's recent launch of a trade war has triggered a significant decline in global markets, raising recession concerns in the U.S. According to Goldman Sachs, recession odds are nearing 50% if tariffs are implemented. The implications extend to consumers, as everyday prices, including groceries, could rise sharply. Interestingly, Shawn Fain from the United Auto Workers has come to support Trump's tariffs on the auto sector, despite initial opposition from various business entities. Additionally, legal challenges persist, particularly regarding the case of Kilmar Armando Abrego Garcia, mistakenly deported by the administration.
Even if the U.S. and the world are not pushed into a recession, the current market selloff could have real consequences for most consumers.
Shawn Fain, president of the United Auto Workers, supports Trump's tariffs on the auto industry, showcasing an unlikely backing of earlier tariff measures.
Collection
[
|
...
]