'Be afraid': Experts warn Trump's economic troubles are only beginning

While President Donald Trump at least temporarily sent markets surging after announcing that he was backing off some of his tariffs against foreign nations, two economists warned that the American economy is still in significant danger of falling into a recession.

Economist Larry Summers wrote on X that while he was glad to see Trump back off his most extreme actions, his erratic behavior has still shaken confidence in the United States government.

"It is tragic to see the United States...