The sweeping tariffs President Donald Trump announced Wednesday, combined with his other import levies, likely would plunge the nation and world into a deep recession if he follows through on the plan, economists say.

President Trump will unveil sweeping tariffs at a Rose Garden event at 4pm today after the markets close. NBC News senior business correspondent Christine Romans, New York Times chief White House correspondent Peter Baker,

A policy of wide-ranging levies on foreign goods could tip the U.S. into a recession, experts said. They pointed to risks of a slowdown for businesses mired in higher tax costs, as well as a shopping slump as consumers curtail spending to pad their savings to help weather price increases and a possible economic downturn.

After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,

President Trump is set to announce a sweeping tariff plan he claims will save the U.S. economy. But, there are worries across the country and the world these duties could trigger an inflation-fueled r

Now Trump is moving to impose massive additional tariffs this week, and consumer confidence is plunging as vertiginously as the markets. Economic forecasters are issuing growing warnings of both recession and inflation.