Goldman Sachs expects a recession if tariffs take effect on Wednesday

Goldman Sachs has already raised its recession probability from 35% to 45%.

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• Goldman Sachs is warning of a recession if President Donald Trump's tariffs take effect Wednesday.
• The tariffs, ranging from 10% to 50%, have faced widespread criticism for potential global harm.
• Goldman has raised its recession probability from 35% to 45% even before the tariffs come into force.

If President Donald Trump's sweeping global tariffs go into effect on Wednesday...