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Business Leaders Warn Trump Tariffs Could Trigger Recession

4/7/2025

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Summary

Story summary

Prominent business figures, such as Elon Musk and Jamie Dimon, are raising alarms over President Trump's tariffs, warning of looming economic downturns and escalating consumer prices. In response, some Republicans, including Rep. Don Bacon, are pushing for measures to curb Trump's tariff authority. Analysts foresee a recession, amplifying the anxiety among CEOs regarding the tariffs' detrimental effects on the U.S. economy.

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Story summary

Prominent business figures, such as Elon Musk and Jamie Dimon, are raising alarms over President Trump's tariffs, warning of looming economic downturns and escalating consumer prices. In response, some Republicans, including Rep. Don Bacon, are pushing for measures to curb Trump's tariff authority. Analysts foresee a recession, amplifying the anxiety among CEOs regarding the tariffs' detrimental effects on the U.S. economy.