President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

A tariff threat that stunned the globe. When Donald Trump proposed a sweeping 50% tariff on all European Union imports, the scale and speed of the move jolted markets and raised alarms in global trade circles.

Trump’s widespread tariffs are driving up consumer prices in the U.S., with retailers passing costs from imports onto everyday goods.