Thoughtful Money with Adam Taggart

David Rosenberg: Will Tariff Trauma Trigger A Recession?

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Apr 29, 2025
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INSIGHT

Historic Spike in Trade Uncertainty

  • Trade uncertainty has spiked to historic highs, akin to the dot-com bubble era.
  • Such uncertainty freezes business investments and slows consumer spending, dragging GDP down significantly.
INSIGHT

Tariff Chaos Destroys Trust

  • Frequent and conflicting tariff announcements destroy trust and heighten uncertainty.
  • This uncertainty paralyzes investment and spending, risking recession.
INSIGHT

Tariffs Will Cause Retail Shortages

  • Tariffs will soon cause shortages on retail shelves for many consumer goods.
  • Pre-buying delays this, but economic vacuum will hit hard in later quarters.
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