Tariff War: Jobs at Risk

Recent economic data paints a concerning picture of global economic health. In the United States, GDP growth has turned negative, signaling a potential recession. This contraction in economic activity is a significant downturn following previous periods of growth and raises concerns about the overall stability of the US economy. Simultaneously, China, a major engine of global growth, is showing signs of economic strain. Data reveals a contraction in manufacturing activity, indicating reduced production and demand within the industrial sector. Further exacerbating the situation is a slump in export orders, suggesting a weakening of global demand for Chinese goods. The simultaneous downturn in both the US and Chinese economies raises alarms about the potential for a broader global recession. The interconnectedness of the world economy means that economic difficulties in one major nation can quickly spread to others. The combination of negative GDP growth in the US and contractions in Chinese manufacturing and exports suggests a weakening of global trade and investment, with potentially far-reaching consequences for countries around the world. find the original article here: https://www.wsws.org/en/articles/2025/05/02/qhst-m02.html