Economists Issue Recession Warning as Trump Tariffs Loom

Financial experts warn that escalating U.S. tariffs imposed by former President Donald Trump could trigger a recession if not reversed swiftly. Moody’s Analytics Chief Economist Mark Zandi expresses concern, noting the tariffs’ potential to strain the economy significantly. He warns of a heightened likelihood of a recession without substantial exemptions. Zandi emphasizes the severity of the current tariff implementation and highlights its substantial impact on the economy. The tariffs have added nearly 2% to the GDP, marking the largest tax increase since World War II, primarily for military expenditures.