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Wall Street braces for Trump’s April 2 tariff deadline—it foresees 18% EU import duties and a 43% chance of a U.S. recession
By Stella
Analysts are closely watching April 2 for potential new U.S. tariff announcements, as President Trump has already imposed and threatened further tariffs on key trading partners, including the EU, Canada, Mexico, and China. Market concerns about a possible recession are rising, with Deutsche Bank reporting a 43% average expectation of a downturn, while opinions within Trump’s cabinet remain divided on the economic impact of his trade policies.
A little over a week from now analysts have a date metaphorically circled in the calendar: April 2, the day further tariff pledges are expected to be confirmed, and potentially the moment when a universal tariff is announced.
Hikes have already been threatened, rescinded, and then ultimately placed on key trading partners like Canada and Mexico, with increases also placed on imports coming from China.
Since President Trump took office in late January, tariffs have also been placed on goods coming out of the EU, such as steel, with further policy expected to be announced.
Markets have been chided by Deutsche Bank before for failing to take the Oval Office at its word, but research out of the financial giant now shows that analysts are waking up to the threat.
Source: Fortune
