
US Tariff Backfire Sparks Recession Fears as Economy Slows
US tariff policies face backlash as economic indicators falter and recession fears grow, prompting global market concerns.
News & Insights Across Asia
US tariff policies face backlash as economic indicators falter and recession fears grow, prompting global market concerns.
Global stocks tumbled on Monday amid rising U.S. recession fears, with major indices experiencing significant declines. Asia-Pacific markets also faced sharp losses but rebounded on Tuesday.
The U.S. Federal Reserve’s decision to keep interest rates high has sparked recession concerns. Experts warn that sustained high rates could pose significant risks to the U.S. and global economies.