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JPMorgan analysts say recession risk increased to 60% since Trump announced tariffs: 'There will be blood'

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JPMorgan 's chief global economist has a bleak outlook on President Donald Trump 's aggressive tariff policy: "There will be blood" The risk of the global economy falling into a recession has increased from 40% to 60% , they warned.

The restrictive trade policy also risks supply-side damage that'll lower US growth in the long run.