US Economy Faces Tariff-Induced Recession Risk: A Tech-Focused Analysis
US Economy Faces Tariff-Induced Recession Risk: A Tech-Focused Analysis The US economy, despite positive May job numbers (139,000 jobs added, unemployment near 4.1%), faces escalating recessionary risks. The primary driver is the administration’s unpredictable tariff policies, creating significant uncertainty for businesses. This uncertainty is chilling investment and hiring. Examples include a meat-processing equipment manufacturer facing a $2 million unexpected cost due to a 10% tariff hike on imported machinery, and the collapse of a TikTok deal due to a 34%…