April 3, 2025
Newsweek recently published an article featuring Mark Williams, Master Lecturer of Finance, discussing how President Donald Trump’s newly announced tariffs—unveiled during his so-called “Liberation Day”—could push the U.S. into a recession as early as June 2025.
The tariffs, which target major trading partners including China (34%), Japan (24%), India (26%), and the EU (2%), are framed by Trump as a declaration of economic independence. However, critics argue they’re based on flawed logic and could trigger severe global consequences.
“Trump’s policies are steep in ‘magical economic thinking’ and ignore 80 years of proven global trade practices. It is a fool’s errand to look unilaterally at tariffs, as if the US controls all the game pieces and trade is not globally interconnected. Trump is gambling that our largest trading partners will come to the table and negotiate terms that favor the US at their expense. In trade wars, countries protect their home turf and retaliate, this race to the bottom stokes inflation, slows economies, kill jobs and harms consumers,” Williams adds.
Despite widespread criticism, Trump remains defiant, insisting the U.S. economy will emerge stronger.