JPMorgan lowers its recession odds as Trump strikes a temporary deal to drop tariffs on China

Quick Summary:

The investment bank had previously predicted a 60% chance of a recession in 2025.

I think it’s going to be fantastic for us, and I think it’s going to be great for unification and peace,” Trump said at the White House Monday.

And I think it’s going to be fantastic for China.

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Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets: United StatesChina

Topics: Donald Trump U.S. Politics Recession U.S. economy Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 15:42:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 117 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28681431

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About Fortune

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Official Website: fortune.com

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News Last Updated: 8 hours ago

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