Goldman Sachs increased its forecast for a recession on Sunday to 45% and economists warned that additional tariffs taking effect on April 9 could prompt that level to rise further.
President Donald Trump said China would approve a deal to sell TikTok to an American buyer "in 15 minutes" if he gave their government "a little cut in tariffs."
European Commission President Ursula von der Leyen said the European Union is "ready to negotiate" with President Donald Trump over the latest tariffs.
JPMorgan Chase CEO Jamie Dimon warned that there will likely be higher inflation because Trump's tariffs, which have also created elevated uncertainty amid retaliation threats.
The Trump administration's latest trade offensive is underway as Customs and Border Protection (CBP) begins enforcing "Liberation Day" tariffs, pulling in more than $200 million a day.
President Donald Trump's unilateral 10% tariff on all imports from many countries went into effect just after midnight on Saturday, when U.S. customs agents began collecting.
DOGE, which is led by Elon Musk, arrived at U.S. Peace Corps headquarters, suggesting it could be the latest target of efforts to downsize the federal workforce.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.