{"id":256140,"date":"2025-03-10T21:24:19","date_gmt":"2025-03-10T21:24:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/10\/tuesday-briefing-u-s-recession-fear-rattles-markets\/"},"modified":"2025-03-10T21:24:21","modified_gmt":"2025-03-10T21:24:21","slug":"tuesday-briefing-u-s-recession-fear-rattles-markets","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/10\/tuesday-briefing-u-s-recession-fear-rattles-markets\/","title":{"rendered":"Tuesday Briefing: U.S. Recession Fear Rattles Markets"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/static01.nyt.com\/images\/2025\/03\/10\/multimedia\/11ambriefing-asia-nl-stocks\/11ambriefing-asia-nl-stocks-facebookJumbo-v2.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tuesday Briefing: U.S. Recession Fear Rattles Markets\" title=\"Tuesday Briefing: U.S. Recession Fear Rattles Markets\" \/><\/div><p> <br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-21f7672f\">Economic fears sent world markets into a dive<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">Stock markets <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/live\/2025\/03\/10\/us\/president-trump-news\" title=\"\">around the world fell yesterday<\/a>, a day after President Trump refused to rule out the possibility that his trade policies may cause a recession this year. The S&amp;P 500 was down by nearly 3 percent, the sharpest drop in months. Several retaliatory tariffs against the U.S. also went into effect. Here\u2019s what to know:<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Stocks tumbled<\/strong><\/p>\n<p class=\"css-at9mc1 evys1bk0\">Many <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/business\/stock-market-economy-tariffs-recession.html?smid=url-share\" title=\"\">stocks dropped yesterday<\/a> as nervous investors reacted to a Trump interview that aired on Sunday in which he described \u201ca period of transition\u201d for the U.S. economy, and suggested more tariffs could come. Prices also plunged for several large tech companies, whose stocks have an outsize influence. Markets in Europe and Asia were under pressure, too, but the declines paled in comparison with losses on Wall Street.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Global effects<\/strong><\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a report, analysts at JPMorgan Chase warned that the possibility of a U.S. slowdown had resulted in a \u201cmaterially higher risk of a global recession this year because of extreme U.S. policies.\u201d They put the probability of a downturn at 40 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Several countries issued their own tariffs<\/strong><\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Canadian province of Ontario <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/live\/2025\/03\/10\/us\/president-trump-news#canada-tariffs-retaliation\" title=\"\">imposed a 25 percent tariff<\/a> on energy exports to Michigan, Minnesota and New York. The move will cost businesses and residents in each state up to $400,000 per day, Ontario\u2019s top official said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Beijing <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/business\/china-tariffs-us.html\" title=\"\">imposed tariffs<\/a> on many farm products from the U.S. Japanese officials are expected to <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/us\/politics\/japan-tariffs-yoji-muto.html\" title=\"\">visit Washington this week<\/a> for talks before tariffs hit exports from Japan. Trump is set to issue tomorrow a 25 percent tariff on all steel and aluminum imports, but some metals businesses <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/business\/economy\/trump-tariff-supporters.html\" title=\"\">said that was good news<\/a>.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-3ea55063\">Mark Carney\u2019s plan for Canada<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">Mark Carney, a former central banker, was <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/world\/canada\/canada-election-takeaways.html\" title=\"\">swept into the leadership of Canada\u2019s Liberal Party<\/a> on Sunday night and is expected to be sworn in as prime minister this week. He will soon have to call a general election, in which the Liberals will face the Conservative Party, led by Pierre Poilievre.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Days ahead: <\/strong>Carney, who is seen as a centrist technocrat, revisited some of his main campaign promises in a speech, including immediately eliminating a widely criticized carbon tax. His campaign focused mainly on reorienting Canada\u2019s struggling economy.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Outside threats: <\/strong>Adding to the country\u2019s economic woes are Trump\u2019s on-again-off-again tariffs, which are already taking their toll. His frequent statements about making Canada the 51st state have angered most of the public.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">General election:<\/strong> In his victory speech, Carney referred to Poilievre as a leader that would leave Canada divided and \u201ckneel\u201d before Trump rather than stand up to him. Anger at the U.S. president has grown so much that Poilievre, seen as ideologically similar to Trump, has started to try to create some distance between them.<\/p>\n<hr class=\"css-7ad88g e1mu4ftr0\"\/><\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-637a8476\">Kurdish militia signed a deal with Syrian leadership<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">The Kurdish-led militia that controls northeast Syria <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/world\/middleeast\/syria-kurds-agreement.html\" title=\"\">agreed yesterday to merge with the country\u2019s new government<\/a>. It was a major breakthrough for Damascus in its efforts to unify a country wrestling with violent turmoil.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The agreement stipulated that the U.S.-backed Syrian Democratic Forces would integrate \u201call civil and military institutions,\u201d as well as its prized oil and gas fields, into the new Syrian state by the end of the year.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The decision by South Korea\u2019s president, Yoon Suk Yeol, to impose martial law on Dec. 3 was not made in a vacuum, but almost nobody saw it coming. Yoon came close to achieving the unthinkable: a military takeover.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-8\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">A Times investigation uncovered Yoon\u2019s many missteps. <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/interactive\/2025\/03\/10\/world\/asia\/south-korea-martial-law-president-yoon.html\" title=\"\">The first was overestimating his allies<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><strong class=\"css-8qgvsz ebyp5n10\">Lives lived:<\/strong> Athol Fugard, a South African playwright whose works exposed the realities of racial separatism in his homeland, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/09\/obituaries\/athol-fugard-dead.html\" title=\"\">died at 92<\/a>.<\/p>\n<h3 class=\"css-1uuxri4 e1gnsphs0\" id=\"link-286d948a\"><span><strong class=\"css-8qgvsz ebyp5n10\">CONVERSATION STARTERS <\/strong><\/span><\/h3>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-10\">\n<div class=\"css-53u6y8\">\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-7e408469\">For those needing organs, hope may be a miniature pig<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">At an undisclosed farm in rural America, miniature pigs are given toys and kept warm under lights. The pampering is by design \u2014 they are clones, genetically engineered to have organs more compatible with humans. And their weak bodies need protection from the environment.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In 2022, researchers received permission to transplant pig organs into a few critically ill patients, and last year into healthier people. There are still unaddressed issues: Pigs carry pathogens that can jump to humans, for example. But as the first formal clinical trial begins, some scientists argue that <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/health\/pig-cloning-transplants-kidneys.html\" title=\"\">there is a moral imperative to move forward<\/a>.<\/p>\n<h3 class=\"css-1uuxri4 e1gnsphs0\" id=\"link-705d9918\"><span><strong class=\"css-8qgvsz ebyp5n10\">RECOMMENDATIONS <\/strong><\/span><\/h3>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/briefing\/global-markets-tariffs-canada-carney-syria-unity.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic fears sent world markets into a dive Stock markets around the world fell yesterday, a day after President Trump refused to rule out the possibility that his trade policies may cause a recession this year. The S&amp;P 500 was down by nearly 3 percent, the sharpest drop in months. Several retaliatory tariffs against the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":256141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2025\/03\/10\/multimedia\/11ambriefing-asia-nl-stocks\/11ambriefing-asia-nl-stocks-facebookJumbo-v2.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[235,3146,9036,19508,2434,6943,221],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/256140"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=256140"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/256140\/revisions"}],"predecessor-version":[{"id":256142,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/256140\/revisions\/256142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/256141"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=256140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=256140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=256140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}