Recession Risks Rise Over Tariff Chaos, Polls Find

You had questions about tariffs. Here's what to know.

President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market. Watch this CBS News 24/7 special for answers to your questions about tariffs.

Is Trump’s tariff zeal beginning to wane?

The President can’t stop talking about his favorite word – tariffs – although this week his comments are having a new effect. Rather than plummeting, the stock market is showing signs of life – climbing by more than 1 percent – on the news that Donald Trump’s plans for “reciprocal” tariff seemed to have been scaled back significantly.  For weeks the President has been suggesting that come April 2, trade retribution would really kick in: any coun…

Who Gets The Blame For The Upcoming Recession?

By Connor O'Keeffe, Mises Wire | March 12, 2025 Over the weekend, President Trump made headlines for refusing, on two occasions, to rule out the possibility that the US will experience a recession this year. The comments came days after the Atlanta Fed announced it now projects GDP to fall by nearly three percent in the first quarter of this year. Those developments, paired with the recent stock market decline set off by the market’s reaction to…

According to the Economic Cycle Date Committee of the National Bureau of Economic Research (NBER) of the United States, the United States economy has suffered three recessions so far in the twenty-first century: the first, from March to November 2001; the second, from December 2007 to June 2009; and the third, from February to April 2020.

White House downplays recession fears amid stock market concerns

President Trump marked his 50th day in office this week, but the U.S. stock market also saw its weakest 50 days of a presidency since President Barack Obamas first term in 2009 during the height of the financial crisis.The U.S. stock market lost $5 trillion in value over the past three weeks, prompting the White House to urge calm as the falling stocks have some Americans worried about their retirement.President Trump has said there will be an "…

It’s a Shame We Have to Betray Our Allies, Starve the Poor, Halt Scientific Progress, Destroy the Environment, and Eliminate the Freedoms Enshrined in the Bill of Rights, but at Least My Investment Portfolio Is Also Tanking

“Mr. Trump has acknowledged, despite all his confident campaign predictions that ‘we are going to boom like we have never boomed before,’ that the United States may be headed into a recession, fueled by his economic agenda.” — New York Times. March 13, 2025 - - - Listen, I’d love it if we could create a society that worked perfectly for everyone, but that’s not the reality we live in. In real life, you have to make choices—choices that lead to t…