Citigroup's Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by president Donald Trump on China and other trading partners.

Tariffs could end up producing a 4% hit to GDP, Apollo's top economist estimated, adding that he sees a 90% chance of a "Voluntary Trade Reset Recession."

Canada may have dodged stiffer tariffs from the United States, but it’s hardly off the hook, warn some economists.

Only 22% of retail CFOs report having a healthy inventory level. With imports to drop sharply through year end, the stage is set for another supply chain crisis.

President Donald Trump’s tariffs have plunged automakers and suppliers into a constant state of uncertainty, making it tough to put together a cogent business strategy in response. Automakers are halting imports,

The US Commerce Department has announced plans to impose tariffs of up to 3,521% on imports of solar panels from four South East Asian countries. It comes after an investigation that began a year ago when several major solar equipment producers asked the administration of then-President Joe Biden to protect their US operations.

The U.S. announced tariffs on Malaysia, Cambodia, Vietnam, and Thailand on Monday, capping a yearlong trade probe initiated under the Biden administration.

The U.S. broadened its trade dispute with China by imposing steep tariffs on solar imports from four Southeast Asian countries where Chinese manufacturers have set up factories in recent years.