If US tariffs remain, it could push US economy to the precipice of a recession – BofA

The firm says that should the latest set of tariffs remain in place, it could push the US economy “to the precipice of a recession”. Well, that’s the hot take after Trump’s announcement yesterday it would seem. From earlier:

• Barclays warns of strong possibility of a US recession this year
• JP Morgan say Trump tariffs the largest tax increase since 1968 , US recession risk higher

This article was written by Justin Low at www.forexlive.com.