Can the Trade War Cause a Recession?

Uncertainty has become the defining feature of global trade, thanks to the US administration’s tariffs and their sometimes swift reversals. Companies are second-guessing expansion plans, while investors scramble to interpret mixed signals from both Washington and key trading partners. One day, it’s all about tough talk and threatened levies; the next, there’s chatter of compromise. In this climate of policy whiplash, the real question is whether these shifting stances will nudge the global economy toward recession—or if well-timed fiscal stimulus around the world can soften the blow.