JPMorgan Says Trump’s Tariffs to Send US Into Recession

JPMorgan Says Trump’s Tariffs to Send US Into Recession

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JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.

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Prices Will Go Up, Volume Down: Bozzella on Auto Tariffs

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John Bozzella, President & CEO of the Alliance for Automotive Innovation, states that prices will go up and volume will come down when sharing his thoughts on President Trump announcing 25% auto tariffs last week along with additional tariffs on steel & aluminum. Bozzella talks about how the President’s tariffs may impact car companies wanting to create factories in the United States, and if companies will eventually decide not to sell in America. Bozzella speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power: Late Edition.” (Source: Bloomberg)