'Incompetent cadre of yes men': CEOs furious at Trump team amid chaotic market spiral

A CNBC survey of business executives revealed an overwhelming majority expected an economic recession as a result of the Trump tariffs, with one calling the whole situation, "disproportionally stupid and illogical."

The business network reported the results of a "CEO flash survey" it conducted among its CNBC Council members including 22 chief executives. According to the report, 69 percent said they expected a recession, with more than half predicting the economic decline would occur this year.