Krawez: Recession Still a Likely Outcome
After weeks of escalation, the U.S. and China recently agreed to a temporary reduction in tariffs. This came as welcome news to the stock market and to businesses that rely on imports from China, but is this reason to celebrate? “For consumers, tariffs are still going to be a problem,” said Brian Krawez, president and lead portfolio manager at Scharf Investments during an appearance on May 12, 2025 on Reuters TV “Sectors Up Close” program. Brian noted that tariffs will weaken the U.S. dollar and increase inflationary concerns for consumers as prices will go up on imported goods. Brian added, “Recession is still a likely outcome given the path we’re on.”
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