Will Donald Trump’s ‘liberation day’ tariffs drag US into recession?

WooGlobe 2025-04-04

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Donald Trump’s new “Liberation Day” tariffs are shaking the foundations of the US economy. With average import duties spiking to 22% — the highest since 1910 — economists are sounding the alarm. Everyday Americans could face over $1,300 in extra costs, while Wall Street wobbles and businesses pull back investments. Is this the start of a new recession? Or will Trump reverse course before it’s too late? In just one minute, we break down how this bold move could reshape the economic landscape — and what it means for your wallet.

:chart_decreasing: Inflation
:bar_chart: Recession risks
:dollar_banknote: Dollar drop
:briefcase: Jobs on the line

Watch now to understand the real impact of Trump’s trade war 2.0.
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