JPMorgan warns tariffs may trigger “self-inflicted pain” and a U.S. recession, with spiraling inflation, collapsing earnings, and vanishing credibility risking a global economic unraveling. Race to Recession? Self-Inflicted Pain? JPMorgan Flags Explosive Risk With US–China Trade Clash JPMorgan issued a stark warning about growing economic risks on April 4, as Richard Madigan, chief investment officer