These banks are adjusting their forecast for the risk of recession up. And they're saying it's not because of Biden's policies. They're saying it's because … Reciprocal tariffs start April 2nd. … and lots. You could see miles of cars coming into the country to try to beat the tariff in from Japan, from Korea and from Germany. Right. That creates a distorted gdp. (17:41–17:48)
CLAIM
Asserts that reciprocal tariffs will begin on April 2nd.
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