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April 9, 2025

Will the tariffs lead to a recession?

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON — President Donald Trump's sharp tariff hikes have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists' worries that the U.S. could tip into recession.

The tariffs, set to take effect today, include a 10% blanket duty on nearly all countries and additional import taxes on 60 nations. The increases are so large and are taking effect so rapidly that they are likely to be disruptive to the economy, economists say, even if they are partially rolled back through negotiations in the coming weeks or months.


 
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