`Phase 3' Tariffs Could Raise Cost to Households to $1,550, JPMorgan Says

The video discusses the global GDP growth and the increasing risk of recession, which has risen from 25% to 40% due to business sentiment and labor market factors. It highlights FedEx's concerns about the global economic slowdown and the challenges businesses face in compliance and investment planning. The impact of tariffs on consumers and business confidence is also examined, with potential scenarios that could affect global capital expenditure.

What factors have contributed to the increased risk of a global recession?

• Decreasing oil prices

• Technological advancements

• Business sentiment and labor markets

• Rising inflation and interest rates

What was the global economy's growth rate in the first half of the year?

• 3.5%

• 2.75%

• 4.0%

• 1.5%

What is the main concern of the business community regarding the global slowdown?

• Increased competition

• Uncertainty in compliance and investment planning

• Lack of skilled labor

• High taxation rates

How might phase three tariffs impact households according to the discussion?

• Reduce household expenses

• Have no impact on households

• Cost households up to $1,550

• Increase household savings

What is the potential impact of tariffs on global capital expenditure?

• Reduction in global CapEx to zero

• Increase in global CapEx

• Slight increase in global CapEx

• No change in global CapEx