Goldman Sachs economists hiked their odds of a recession over the next year from 20% to 35% in a downbeat note to clients Sunday, raising their forecasts for inflation and unemployment and cutting their economic growth prediction; JPMorgan economists have an even more pessimistic 40% recession probability.

Trump's blanket 10% tariff policy has economists and markets forecasting higher inflation and recession risk through 2025.

(NewsNation) — The odds of a U.S. recession are rising ahead ... will bring jobs back to the U.S. Economists are skeptical of that claim and warn that consumers will see higher prices.

Businesses, unsure of Trump’s next move and the tariffs’ impact, might be inclined to put investment decisions on ice, which would weigh on growth

Trump declared universal tariffs of 10% on imports from all countries and much higher levies on about 60 countries on Wednesday.

Recession fears are rising under President Trump's new campaign of tariffs. There is still time to prepare your finances.

World leaders were still processing Trump’s complex new tariff regime Thursday and few were prepared to unveil specific trade retaliation. But a number of them promised it was coming, raising the specter of an escalating tit-for-tat trade war that could devastate the global economy.