President Donald Trump was aware the economy could enter a recession, but wanted to avoid a depression, from his tariffs, according to a Wall Street Journal report. Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that the collapsing bon market contributed to Trump's decision to walk back his trade policy.

JPMorgan Chase CEO Jamie Dimon says a recession will likely be triggered by President Trump's sweeping tariffs

Economists warn the U.S. economy may suffer most—but a range of knock-on effects will ripple across the world.

In an interview with Fox Business on Wednesday, Dimon pointed to weakening consumer spending and possible defaults from borrowers as a result of the uncertainty currently sweeping

White House senior counselor Peter Navarro rejected suggestions that President Donald Trump's tariffs would drag the U.S. economy into recession, and touted forthcoming tax cuts as the reason. "I guarantee no recession.

Turmoil following Trump’s tariffs are sending experts and consumers into a frenzy about a potential recession.

Goldman lowered its recession call Wednesday just an hour after raising the chance in a note, as the trade war saga sparked whiplash on Wall Street.

Trump's previous attempt to organize a grand parade in 2018 was called off due to its $92 million price tag A military parade timed to Donald Trump's 79th birthday may be in the works. Multiple outlets received reports that a big parade is being planned for June 14 — the president's birthday,

The tariffs' popularity and impact on the economy could be crucial to the outcome of the 2026 midterm elections.

"We must reset our trade relationships with the rest of the world, we also must narrow our fiscal deficit," Bass said on Thursday.