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Fears of a global recession deepen as Trump sticks to tariff plan

05:56

Economic forecasters predict the world is headed toward a recession if the Trump administration sticks to its plan to tariff all goods entering the U.S. The stock market has already lost trillions of dollars since the announcement, and uncertainty about the severity of a trade war is already jeopardizing jobs and revenues.

We get the latest with Diane Swonk, chief economist for KPMG U.S.

This segment aired on April 7, 2025.

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