The Economic Daily of Taiwan wrote in an article today: "The radical tariff policy launched by US President Trump is causing growing concerns over the possibility of a US economic recession. On the 11th, the CEOs of JPMorgan Chase, Wells Fargo, and BlackRock all expressed warnings about the economic outlook simultaneously. The CEO of BlackRock even stated that the US economy has weakened. 'I believe we are either on the brink of a recession or have already fallen into one.'"
The radical tariff policy implemented by Trump is exacting a heavy price on both the United States and the global economy. The unanimous warning from the three major financial giants highlights the severity of the situation. In the current interconnected global trade environment, its crude destruction of the global trade chain has obstructed imports and exports for various countries, forcing the reconstruction of industrial chains. The United States itself is also suffering greatly, with skyrocketing corporate costs and increased consumer burdens. Financial markets are filled with unease, and concerns over an economic downturn are intensifying. Trump's radical actions to seek short-term benefits are dragging the US economy into turmoil while delivering a significant shock to global economic stability.
Original article: https://www.toutiao.com/article/1829119810100236/
Disclaimer: This article solely represents the author's personal viewpoint.