Here's why experts think Trump's tariffs could hurt the U.S. economy

Main Idea: President Donald Trump says his new tariffs will help the U.S. economy, but many economists warn they could raise prices, slow growth, and even increase recession risk.

Key Points:

• The tariffs include a 10% universal duty on imports and higher reciprocal tariffs on goods from about 90 countries.
• Economists say U.S. businesses will likely pass higher import costs to consumers, which could push inflation higher.
• Higher prices could cut consumer spending, slow GDP growth, and create stagflation, which means weak growth with high inflation.
• Moody’s Analytics and other firms warned that retaliation from other countries could raise recession risks, with China already announcing new retaliatory tariffs.