Wall Street firms see recession risk rising over tariffs, trade war
Leading Wall Street firms are updating their forecasts to reflect a rising probability of the U.S. economy entering a recession this year, as fears of a widening trade war could hurt consumers and businesses alike. President Donald Trump is planning to unveil his reciprocal tariff plans on Wednesday, April 2, which he has dubbed "Liberation Day," while his 25% tariffs on imported automobiles are set to take effect on Thursday. Those tariffs are […]