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Trump's Tariffs Risk Recession, 72% of Americans Fear

4/29/2025

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Summary

Story summary

Apollo's chief economist, Torsten Slok, raises alarms that President Trump's tariffs may plunge the U.S. into recession by summer. A striking 72% of Americans share this fear, as economic activity wanes. Executives are increasingly anxious about dwindling consumer spending and looming layoffs, painting a troubling picture for the nation's financial future.

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Story summary

Apollo's chief economist, Torsten Slok, raises alarms that President Trump's tariffs may plunge the U.S. into recession by summer. A striking 72% of Americans share this fear, as economic activity wanes. Executives are increasingly anxious about dwindling consumer spending and looming layoffs, painting a troubling picture for the nation's financial future.