U.S. President Donald Trump stirred global trade talks again this week, suggesting some countries might catch a break on tariffs — but only if they play ball. The April 2 deadline for 'reciprocal tariffs' looms, keeping markets on edge 📉.
'I may give a lot of countries breaks, but it’s reciprocal,' Trump told reporters Monday, teasing a possible olive branch wrapped in classic tough-talk 🌵. He confirmed a deal with the EU to lower car tariffs to 2.5%, signaling a rare alignment with Europe 🚗.
But don’t relax yet: New tariffs targeting autos, lumber, and chips are coming, Trump warned. He also threw a curveball at nations buying Venezuelan oil, threatening a 25% tariff — a move economists call 'chaotic' for global supply chains 🔄.
Meanwhile, whispers of a 'Trumpcession' grow louder 🚨. JPMorgan’s chief economist now sees a 40% chance of a U.S. recession this year, citing the administration’s rollercoaster policies. Will April 2 bring calm or chaos? The world is watching 🌐.
