US Tariffs Spark Global Economic Uncertainty Amid Fears of Recession and Inflation

Published on 4.2.25

  The threat of 25% tariffs on car and parts imports has fueled recession fears among economists, who warn that economic growth could take a hit and inflation reignite. The S&P 500 index has also seen a rise, despite closing its worst quarter since 2022. In response to the US move, Vietnam has slashed duties on goods including cars, liquefied gas, and agricultural products, in an effort to mitigate the impact of the tariffs. This decision is seen as a strategic move by Vietnam to protect its economy from potential losses due to the trade war. Gold prices have reached a record high as investors sought safe havens amid the uncertainty. The situation is expected to remain volatile in the coming days, with global stocks likely to be affected by President Trump's tariff rollout.

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