President Donald Trump’s prices, if supported, could push the United States and the world into a recession, according to JPMorgan. If they are implemented, Trump’s prices – which start at a basic line of 10% and go even higher for some countries – increase the 25% effective American rate rate, a level that would harm American growth and inflation, said JPMorgan. The rise in prices would represent approximately 2.2% of GDP, the firm said. Meanwhile, this would add almost 2% to the consumer price index. “We consider the complete implementation of these policies as a substantial macroeconomic shock which is not currently incorporated in our forecasts,” wrote Nora Szentivanyi, world economist of JPMorgan on Thursday. “This shock will probably be amplified by its impact on feeling and by reprisals from countries faced with a significant increase in their rate rates.” “So we emphasize that these policies, if they were supported, would probably push the American and global economy in the recession this year,” added Szentivanyi. Admittedly, the economist said she did not immediately make changes to her forecasts, while waiting to see how the policy will be implemented in the coming days. However, the severity of Trump’s prices alarmed investors Thursday morning, future industrial means of Dow Jones plunging more than 1,200 points on the fears of a world trade war. Get your Pro Live ticket join us on the New York Stock Exchange! Uncertain markets? Win an advantage with CNBC Pro Live, an exclusive and inaugural event on the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert information is essential. As a CNBC Pro Auto, we invite you to join us for our first exclusive event and in person CNBC Pro Live in the emblematic NYSE on Thursday, June 12. Join the professional interactive clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You will also have the opportunity to network with CNBC experts, talents and other professional subscribers for an hour of exciting cocktail on the legendary soil. Tickets are limited!