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The decision by the twice impeached, criminally convicted felon-in-chief Donald "The Con" Trump to impose large tariffs on all foreign imports has triggered a global trade war, stock market collapse, and predictions of an imminent recession. In the wake of last week's tariff announcement, JP Morgan raised its odds of a US recession to 60 percent, up from 40 percent. Other banks have similarly adjusted their economic forecasts downward. We are witnessing what many analysts call the early stages of a global financial collapse. Today's numbers aren't good... Global financial markets continue to experience severe turbulence. Today's morning trading in Europe began with a sharp decline: German DAX fell by more than 6.5%, British FTSE 100 - by approximately 5%, The French index also declined by almost 6%. These losses are a continuation of the "wave of horror" caused by the trade measures of Trump's administration. Asian markets have already demonstrated a "sea of red": Japanese Nikkei at its peak was down by almost 9%, Hang Seng in Hong Kong fell by more than 13%, South Korea and Taiwan - also in a deep "red zone". Chinese investors are warning of a "terrible Monday. Is it a crash or collapse? That's the debate the financial folks had over on Fox News. Now lets take a look at the roller coaster of a day here. The Dow closed lower by 349 points, or 0.91%. The broader S&P 500 fell 0.23%. The Nasdaq Composite was 0.1% higher after fluctuating between gains and losses. Nebraska Republican Congressman Don Bacon introduced a bill to remove Trump's ability to impose tariffs and give Congress control. Join this channel to get access to perks: / @rolandsmartin Support #RolandMartinUnfiltered and #BlackStarNetwork 👉🏾 Use Cash App by visiting Stripe https://buy.stripe.com/7sI3ccgYyfSQ8y... 👉🏾 PayPal ☛ https://www.paypal.me/rmartinunfiltered Venmo ☛https://venmo.com/rmunfiltered Zelle ☛ [email protected] Annual or monthly recurring #BringTheFunk Fan Club membership via paypal ☛ https://rolandsmartin.com/rmu-paypal/ Download the #BlackStarNetwork app on iOS, AppleTV, Android, Android TV, Roku, FireTV, SamsungTV and XBox 👉🏾 http://www.blackstarnetwork.com #RolandMartinUnfiltered and the #BlackStarNetwork are news reporting platforms covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.