Earlier this month, President Trump announced sweeping tariffs on imports from over 180 countries, and as a result, economists have been warning that the odds of the US slipping into a recession in 2025 have risen from 25% to 47%.
Even when Trump later announced a 90-day pause on part of his tariff plan, economists continued to warn that the uncertainty created by see-sawing tariffs may put the brakes on economic growth.
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