Tariffs unlikely to plunge US into recession: agency

Golden Finance reports that Connor Lokar, an economist at ITR Economics, said concerns that tariffs will plunge the U.S. into a recession may be overstated. ‘Trade is not a large percentage of U.S. GDP ...... The U.S. is the largest economy in the world,’ he added, ’and size matters.’ Weaker economic indicators, coupled with concerns about the negative impact of tariffs, are driving risk aversion, pushing down stocks, U.S. Treasury yields and the dollar. However, Lokar said the U.S. economy will eventually continue to expand, ‘but uncertainty, prices, and the resulting pressure on interest rates tend to drag down the economy's growth rate.’