We presciently warned for a year and earlier this week in Fortune that Trump’s economic policies and this week’s “Liberation Day” tariffs announcement would prove to be a cataclysmic event. Like frat boys in denial that the driver of their car is dangerously drunk,

JPMorgan's chief global economist warned that Donald Trump's aggressive tariff plan increased the risk of the country falling into a recession.

President Donald Trump's harsher-than-expected global tariffs sent economists scrambling to revise their economic estimates. They project the U.S. economy faces higher inflation, slower growth, and greater recession risks.

The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20% from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

This decision comes after Donald Trump announced sweeping 10 percent tariffs on imports from nearly every country in the world, with additional country-specific tariffs levied on

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since the pandemic sent global markets into a tailspin on March 16, 2020.

Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.

President Donald Trump’s big tariff rollout was supposed to reduce uncertainty for businesses. Economists say it did the exact opposite, while also raising recession risk.

By Jeff Mason, David Ljunggren and Satoshi SugiyamaWASHINGTON/OTTAWA/TOKYO (Reuters) - Countries around the world threatened to wage a trade war with the United States as President Donald Trump's sweeping tariffs fed expectations for a global downturn and sharp price hikes for swathes of goods in the world's biggest consumer market.