Moody's: This round of tariffs will be the largest tax increase since World War II used to fund war
According to Coinjie.com, on April 3 (UTC+8), economists are worried that if the United States does not quickly withdraw Trump's latest tariffs, it may enter a recession. Mark Zandi, chief economist at Moody's Analytics, pointed out that if the government does not make major exemptions, the economy will be unable to withstand the impact of tariffs. He believes that Trump's tariff announcement is more severe than initially expected, and if it is not properly handled, it is necessary to prepare for an economic shock. Zandi also mentioned that this round of tariffs accounts for nearly 2% of GDP on a static basis, making it the largest tax increase since the massive increase in World War II for war financing. (Source: Mlion.ai)