Economists Say Trump’s Tariffs Boost Uncertainty, Recession Odds

President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.

Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices, Central Bank Chairman Guillermo Tolosa said in an interview.

President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.

Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices, Central Bank Chairman Guillermo Tolosa said in an interview.