Will there be a US recession in 2025?

Donald Trump’s “Liberation Day” tariffs have thrown the global economy into chaos. Could the new import taxes help tip the US economy into recession this year?

Downward-pointing chart arrow over a US flag
(Image credit: zpagistock via Getty Images)

Before Donald Trump won the US election back in November, the chances of his win resulting in a US recession seemed miniscule.

In fact, the opposite was the case. Whatever critics of the former president said about him, the general perception was that the former The Apprentice host and business magnate had economic matters under control.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.