Trump's Policies Push US Toward Recession

0:00It's April 16. You're listening to Sydney News today, AI-powered local news. I'm Corey with the story. Fuel prices are spiking hard from the Middle East War, and supply worries are slamming businesses and homes right now. Add in President Trump's fresh threats to mess with the federal reserves' independence and global markets are jittery all over again. Markets chilled out a bit these past few days, but top analysts are sounding alarms. They see echoes of the Great Depression and the global financial crisis in these selloffs, warning where far from the bottom, unless U.S. policy, shifts. Trump's tariffs aren't just bargaining chips. They're a straight-up push to dismantle the global trade system America built. Folks everywhere could foot a massive bill as he tries flipping the world order. Experts now see the U.S., the planet's top economy, sliding toward recession, which could tank the world's biggest stock markets too. For a New Zealand, their central bank hit the brakes with rate cuts back in August after their economy dove into recession, now others are asking if they're next.

1:04This storm's just brewing, so keep eyes peeled on how leaders navigate these rough economic waters ahead.