American consumers have been facing the reality of President Donald Trump's on-again, off-again import tariffs. Threatened since his 2024 campaign and started in earnest earlier in the year, the president laid out a much broader import tax plan on April 2.

After trying to play hardball with China, Donald Trump decided that he no longer intends to “play hardball” with China.

Nobel laureate Paul Krugman warns that President Trump’s unpredictable and often reversed tariff policies are creating deep uncertainty, discouraging business investment and thus increasing the risk of recession.

About half the people surveyed in a new opinion poll think prices while climb sharply, and are increasingly concerned about the possibility of a recession within the next few months.