On Wednesday, April 2, President Trump unveiled what he termed “discounted reciprocal tariffs” during an extended speech on the White House lawns. The new tariffs, ranging from 20% to 40%, will impact multiple countries, including China, Vietnam, the EU, Japan, and India. Mark Zandi, Chief Economist at Moody’s, warned in an interview with CNBC-TV18 that these sweeping measures could push the US economy into recession and drag the global economy down with it.
