Real chance of global recession due to U.S. trade war, say economists

U.S. President Donald Trump is ‘playing with matches and gasoline when it comes to trade wars,’ according to Fen Hampson, professor of international affairs with Carleton University.

Prime Minister Mark Carney, pictured April 2, 2025, on the way into the Cabinet Committee on Canada-U.S. Relations and National Security on Parliament Hill. The Hill Times photograph by Andrew Meade

News

BY JESSE CNOCKAERT

April 7, 2025

Economists have warned that Canada must brace for the possibility of a global recession as a consequence of trade policy under United States President Donald Trump, which escalated last week with his announcement of sweeping tariffs against dozens of countries.

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