Trump’s New Tariffs Could Trigger Recession: What Businesses Need to Know

President Trump’s sweeping tariff policies have sent shockwaves through the economy, with the weighted average tariff rate soaring to 27.8% – the highest since 1943. As businesses grapple with these sudden changes, Managing Attorney Parag L. Amin of LawPLA appeared on Fox 5 DC to break down the serious economic implications facing California businesses.

In his insightful television analysis, Amin warned viewers that these tariffs could potentially trigger a recession, with economists projecting an 8% reduction in GDP and significant price increases for consumers. The discussion highlighted how rising costs lead to slower consumer spending, creating a dangerous combination of inflation and economic stagnation that particularly threatens small to mid-sized businesses. With his unique background in financial advising and management consulting, Amin provided practical strategies for business owners to protect their companies during this uncertain period. Watch the full segment to learn how your Southern California business can prepare for the economic challenges ahead.