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Ambrose Evans-Pritchard

Trump overplays his hand as US flashes full recession alert

The American economy will be hit hard, but it’s beyond delusional to think anyone will be spared from the upending of global trade.

So much for the buying opportunity. Every indicator on the equity, bond, commodity, and currency exchanges is flashing a full recession alert.

Donald Trump thought markets would beat his victims into submission. Instead, they have turned on him as it becomes clear that the US has vastly overplayed its hand and now faces furious retaliation from an angry world. It is America that risks spiralling into a deep economic crisis.

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The Telegraph London

Ambrose Evans-Pritchard is a columnist at the Telegraph, London.

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    Original URL: https://www.afr.com/world/north-america/trump-overplays-his-hand-as-us-flashes-full-recession-alert-20250404-p5lp31