Research

Recent indicators suggest a looming recession in the United States and minimal growth in Europe. The implementation of import tariffs introduced by President Trump has commenced, introducing significant uncertainty about future developments. While many of these tariffs have been deferred for 90 days—approximately 60 days remain—this period is intended for negotiations to establish mutually agreeable tariff terms. Notably, the tariffs targeting China are considerably higher than those for other nations and have not been subject to the 90-day delay. Initially, China was reluctant to engage in discussions with Washington. However, this stance…