Is a Recession Looming? What to Expect from Trump’s Tariffs
Political and economic turmoil following President Donald Trump’s tariffs against tens of countries are sending experts and consumers alike into a frenzy amid concerns about a potential recession.
“It will be difficult for the U.S. to avoid a recession if the tariffs stay at the level that’s been announced,” Claudia Sahm, chief economist at New Century Advisors, tells TIME. “You put the tariffs together with the downsizing of the federal government, the cutting of the grants that go to government adjacent sectors...