A third global recession in 20 years looms

 https://www.axios.com/2025/04/02/trump-reciprocal-tariffs-cause-recession

A truly enormous shock is needed to tip the entire global economy into recession. Since World War II, there have been two of these events: the financial crisis of 2008-09, and the coronavirus pandemic of 2020.

 President Trump's "Liberation Day" tariffs, if they stay in place and especially if they face retaliation from targeted nations, could be the third such economic earthquake in 17 years.

It's almost impossible to overstate the sheer magnitude of the announced tariffs, along with the degree to which they could devastate the global economy.