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Trump's Trade War Escalates Amid Recession Fears

4/11/2025

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Summary

Story summary

Donald Trump insists his trade war is thriving, even as recession fears loom and China retaliates with higher tariffs on US goods. Consumer confidence has taken a nosedive, with inflation expectations soaring to levels not seen in 40 years. Economists caution that this escalating trade conflict could stifle global growth, prompting Tesla to pause orders for US-imported models in China.

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Story summary

Donald Trump insists his trade war is thriving, even as recession fears loom and China retaliates with higher tariffs on US goods. Consumer confidence has taken a nosedive, with inflation expectations soaring to levels not seen in 40 years. Economists caution that this escalating trade conflict could stifle global growth, prompting Tesla to pause orders for US-imported models in China.