Experts have been estimating what the Trump tariffs might mean for the economy if they stay in place.
Many economists and business leaders have publicly and privately said the trade policies would drive up the price of goods in the U.S., raising the rate of inflation and ultimately resulting in a recession. More broadly, a new note from JPMorgan Chase estimates that the hikes would total about 22%, as Reuters reported, which would effectively be the largest U.S. tax increase since 1968.
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