‘Almost 100 percent’: Major global recession to fear over Trump's tariffs

The International Monetary Fund (IMF) has warned that Donald Trump's aggressive trade tariff policy could push the United States—and potentially the entire world—into a recession.

According to Kenneth Rogoff, a former IMF economist, a global recession is now “almost 100%" likely, following the IMF's recent downward revision of global growth forecasts.

Recently, U.S. Vice President JD Vance acknowledged that the new tariffs will significantly reshape not only the American economy but also the economies of other nations.

Speaking during a visit to India, Vance explained that a rebalancing is necessary and that Americans will eventually see the benefits of this hardline approach.

Meanwhile, gold prices have surged as the value of the U.S. dollar has declined.

(QG - Source: The Independent - Picture : © Unsplash)