Katy Barnato
Appearances
WSJ What’s News
Market Turmoil Deepens as Trump Stands By Tariffs
Goldman Sachs has raised the US's recession probability over the next 12 months to 45%. That's up from 35%. We've also had a range of big name investors and big names on Wall Street talking over the weekend. JP Morgan's chief executive, that's Jamie Dimon, in his annual letter to shareholders, he has raised concerns about President Trump's new tariffs.
WSJ What’s News
Market Turmoil Deepens as Trump Stands By Tariffs
He specifically says whether or not it would cause a recession is in question, but it will slow down growth. Bill Ackman, the billionaire investor, called specifically for a 90-day pause in the tariffs to allow for more negotiations with other countries. He has said that if the US goes ahead with all these tariffs, that could cause a self-induced economic nuclear winter.
WSJ What’s News
Market Turmoil Deepens as Trump Stands By Tariffs
He specifies in a social media post, we are in the process of destroying confidence in our country as a trading partner, as a place to do business and as a market to invest capital.