JPMorgan analysts say recession risk increased to 60% since Trump announced tariffs: 'There will be blood'

Tech Insider
Traders work on the floor of the New York Stock Exchange (NYSE) October 2, 2008 in New York City.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.

Spencer Platt/Getty Images

  • JPMorgan analysts told clients that Trump's tariff plan will have drastic economic effects.
  • The risk of the global economy falling into a recession has increased from 40% to 60%, they warned.
  • The restrictive trade policy also risks supply-side damage that'll lower US growth in the long run.

JPMo

Economy, Politics, Business

We found out how much Trump's tariffs are expected to cost you this year

Tech Insider
Watermelons from Mexico are displayed on a shelf at a Target store on March 05, 2025 in Novato, California.
Economists and supply chain experts told Business Insider the average consumer will spend about $4,000 more this year on staples from food to apparel due to cost increases caused by Donald Trump's tariffs.

Justin Sullivan/Getty Images

  • Donald Trump has enacted sweeping tariffs on items imported from the country's global trade partners.
  • The tariffs will cause price increases on goods from pantry
Politics, Economy, Business

Here's what the smartest people in markets and economics are saying about Trump's 'Liberation Day' tariffs

Tech Insider
President Donald Trump in the Oval Office of the White House on March 6, 2025.
President Donald Trump announced his tariffs on Wednesday.

Alex Wong/Getty Images

  • President Donald Trump announced his "Liberation Day" tariffs on Wednesday.
  • Many commentators have questioned the tariffs and highlighted their potential economic consequences.
  • One said Trump was unlikely to U-turn on the tariffs, so it was time to "sell the dip," not buy it.

President Donald Trump announced his "Liberati

Economy, Business

Meta and Amazon's ad businesses could get whacked by Trump's tariffs. Here are the other media companies at risk.

Tech Insider
Mark Zuckerberg looking solemn.
Mark Zuckerberg's Meta could see its ad business come under pressure due to Trump's tariffs.

Celal Gunes/Anadolu via Getty Images

  • Trump's new tariffs could hurt Amazon and Meta due to their reliance on Chinese advertisers.
  • Advertisers are expected to take refuge in performance advertising and TV sports.
  • Analysts laid out scenarios for how ad and media companies could be affected.

Amazon and Meta could

Business, Economy, Sports

Microsoft is reportedly walking back some data center plans

Engadget

After a January announcement that it would spend $80 billion on data center construction, Microsoft may already be adjusting its future plans. Sources told Bloomberg that Microsoft has delayed or slowed data center efforts in Indonesia, the UK, Australia, Illinois, North Dakota and Wisconsin. Some of the cases meant withdrawing from negotiations, while others have involved delays on planned

Business

Traeger built a smaller Flatrock griddle for smaller outdoor spaces

Engadget

Traeger's only gas-powered grill is its Flatrock flat-top griddle. Besides this one model, everything else in the company's lineup runs on wood pellets. Since griddles continue to be insanely popular backyard cooking tools, Traeger is expanding its Flatrock line with a smaller, two-burner option. The Flatrock 2 Zone has all of the features from the larger version, which is now called the Flatrock

Style