Escalating Trade War Fears Push Recession Odds to 70%

The likelihood of the United States entering a recession in 2025 has surged to 70%, a dramatic increase from the 20% chance recorded in January. This alarming prediction comes from Kalshi, a leading financial exchange and prediction market, highlighting growing concerns over the state of the global economy.

Trump's Tariffs and Retaliatory Measures Fuel Economic Uncertainty

President Donald Trump's aggressive new tariffs on major trade partners, including China and the European Union, have sparked fears of a deepening trade war. The subsequent retaliatory measures from these countries are exacerbating tensions, with potential dire consequences for both the US and global economies.