Trump’s Tariff Plans Raise Concerns Over Economic Growth and Recession Risks

The president confirms reciprocal tariffs will take effect on April 2, while refusing to rule out a potential U.S. recession this year.

President Trump announced that 25% reciprocal tariffs on imports from Mexico and Canada will go into effect on April 2, following multiple pauses and adjustments.
Commerce Secretary Howard Lutnick insists Americans should not prepare for a recession, while Trump himself refused to rule out the possibility during a Fox News interview.
The tariffs have contributed to significant market volatility, with the S&P 500, Nasdaq, and Dow Jones experiencing sharp declines over the past month.
Trump emphasized the tariffs are part of a broader economic strategy to bring wealth back to the U.S., but acknowledged a 'transition period' with potential disruptions to growth.
Economic analysts and financial institutions have raised concerns about increasing recession risks, with models from JPMorgan and Goldman Sachs showing rising probabilities of economic contraction.