Precious Metals Specialists - Global Gold Investments

What Economic Experts Are Predicting About Trump’s Tariffs

Steep 'Liberation Day' tariffs rock markets, reverberate across the world.

Donald Trump has cemented tariffs as a cornerstone of his second-term strategy, rolling out a wave of taxes on both adversaries and allies under the banner of his “America First” ideology. The former president is now hinting at an even broader tariff push, pledging new reciprocal taxes on most of the United States’ trading partners this week to mark what he calls the country’s “Liberation Day.” However, financial institutions are voicing serious concerns, warning that this escalating trade war could hurt the broader economy—and possibly trigger a recession. Here’s how economists and financial experts are reacting.

Claim Your FREE Wealth Protection Guide on Gold

Goldman Sachs says there is now a 35 percent chance of recession

One of Wall Street’s leading investment firms is cautioning its clients that the likelihood of a U.S. recession is rising. According to CNN, Goldman Sachs has revised its internal forecast to reflect growing economic risks:

The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months, up from 20% previously. Goldman Sachs also increased its inflation estimate, slashed its 2025 GDP forecast to just 1% and bumped up its year-end unemployment rate outlook by 0.3 percentage points to 4.5%. The bank explained its reasoning in a report, citing, in part, “statements from White House officials indicating greater willingness to tolerate near-term economic weakness in pursuit of their policies.”

S&P Global forecasts growth slowdown

S&P Global has released a report showing a decline in its GDP growth projections, attributing the shift to the effects of new U.S. tariffs and related spillover impacts from a sharper drop in domestic growth. The analysis anticipates European economies will see recovery in 2026 despite some stagnation this year, while China’s outlook remains stable.

“The risks to our baseline are firmly on the downside. We are watching the effects on demand from protracted U.S. policy uncertainty,” the report says. “Should these materialize, the result would be a material slowdown in growth.”

Tariffs could lead to stagflation — but could have positive affects

Speaking on CNBC’s Squawk Box Tuesday, Allianz’s chief economic adviser Mohamed El-Erian laid out two potential paths resulting from Trump’s tariffs. Either the impacted countries move quickly to adopt a fairer trade framework, or they retaliate with tariffs of their own—potentially setting off a chain reaction that ends in stagflation.

CNBC survey of economists indicates economic growth has hit a new post-COVID low

A recent CNBC poll, which compiles forecasts from more than a dozen economists, reveals that heightened policy volatility and sweeping tariffs from the Trump camp are producing a pessimistic economic outlook for the U.S.

The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic. Core PCE inflation, meanwhile, the Fed’s preferred inflation indicator, will remain stuck at around 2.9% for most of the year before resuming its decline in the fourth quarter.

Mark Zandi at Moody’s Analytics says Trump is providing “fodder for an economic downturn”

Moody’s Analytics chief economist Mark Zandi shared via social media that he’s now placing the odds of a recession at 40 percent, up from 15 percent earlier this year. While he noted that the broader risk of recession remains low, he called recent economic signals “disconcerting” and pointed to shifting White House policies as a concern.

“The intensifying trade war and DOGE cuts are behind all this and with last week’s announcement of big tariff increases on vehicle imports and the coming reciprocal tariffs, things are sure to get worse,” he said. Zandi elaborated during an interview with ABC News on Monday, saying investor anxiety is growing as Trump shows no signs of walking back his proposed tariffs. “That’s the fodder for an economic downturn. Obviously, that’s not good for business. That’s not good for profits. That’s not good for stock prices,” Zandi said. He warned that the looming auto tariffs could hurt consumers with rising vehicle prices and hit car dealerships just as hard. “Even though the domestic automakers may grab market share — because the tariffs are harder on countries that are exporting to the U.S. — the fact is that we’re going to sell, overall, fewer cars. That means the folks at auto dealerships are going to have less cars to sell, and that’s going to mean less jobs,” he said.

As the ripple effects of these tariff policies begin to take shape — from soaring car prices to rising inflation and stalled economic growth — it’s clear that the stakes are higher than ever.

What we’re witnessing isn’t just economic turbulence; it’s a direct threat to the financial stability and freedom of everyday Americans.  

But here’s the truth: you’re not powerless. You can take steps now to protect your retirement savings and money and your future from the fallout.

You can protect your finances through an obscure IRS Loophole designed to shield your IRA, 401(k), and other retirement accounts from government overreach with physical assets like gold.

This IRS loophole is 100% legal, tax-free, and penalty-free.

You can take action effortlessly by grabbing your **FREE copy of our Wealth Protection Guide** today.  

Thousands of wise Americans have already used this strategy to transfer their IRA, 401(k), TSP, and liquid assets into a private, government-proof safe haven, tax-free, and penalty-free

Don’t delay – claim your FREE Wealth Protection Guide now to learn how to safeguard your life’s savings before it’s too late.

This powerful information is available for a limited time only.

Donald Trump has cemented tariffs as a cornerstone of his second-term strategy, rolling out a wave of taxes on both adversaries and allies under the banner of his “America First” ideology. The former president is now hinting at an even broader tariff push, pledging new reciprocal taxes on most of the United States’ trading partners this week to mark what he calls the country’s “Liberation Day.” However, financial institutions are voicing serious concerns, warning that this escalating trade war could hurt the broader economy—and possibly trigger a recession. Here’s how economists and financial experts are reacting.

Goldman Sachs says there is now a 35 percent chance of recession

One of Wall Street’s leading investment firms is cautioning its clients that the likelihood of a U.S. recession is rising. According to CNN, Goldman Sachs has revised its internal forecast to reflect growing economic risks:

The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months, up from 20% previously. Goldman Sachs also increased its inflation estimate, slashed its 2025 GDP forecast to just 1% and bumped up its year-end unemployment rate outlook by 0.3 percentage points to 4.5%. The bank explained its reasoning in a report, citing, in part, “statements from White House officials indicating greater willingness to tolerate near-term economic weakness in pursuit of their policies.”

S&P Global forecasts growth slowdown

S&P Global has released a report showing a decline in its GDP growth projections, attributing the shift to the effects of new U.S. tariffs and related spillover impacts from a sharper drop in domestic growth. The analysis anticipates European economies will see recovery in 2026 despite some stagnation this year, while China’s outlook remains stable.

“The risks to our baseline are firmly on the downside. We are watching the effects on demand from protracted U.S. policy uncertainty,” the report says. “Should these materialize, the result would be a material slowdown in growth.”

Tariffs could lead to stagflation — but could have positive affects

Speaking on CNBC’s Squawk Box Tuesday, Allianz’s chief economic adviser Mohamed El-Erian laid out two potential paths resulting from Trump’s tariffs. Either the impacted countries move quickly to adopt a fairer trade framework, or they retaliate with tariffs of their own—potentially setting off a chain reaction that ends in stagflation.

CNBC survey of economists indicates economic growth has hit a new post-COVID low

A recent CNBC poll, which compiles forecasts from more than a dozen economists, reveals that heightened policy volatility and sweeping tariffs from the Trump camp are producing a pessimistic economic outlook for the U.S.

The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic. Core PCE inflation, meanwhile, the Fed’s preferred inflation indicator, will remain stuck at around 2.9% for most of the year before resuming its decline in the fourth quarter.

Mark Zandi at Moody’s Analytics says Trump is providing “fodder for an economic downturn”

Moody’s Analytics chief economist Mark Zandi shared via social media that he’s now placing the odds of a recession at 40 percent, up from 15 percent earlier this year. While he noted that the broader risk of recession remains low, he called recent economic signals “disconcerting” and pointed to shifting White House policies as a concern.

“The intensifying trade war and DOGE cuts are behind all this and with last week’s announcement of big tariff increases on vehicle imports and the coming reciprocal tariffs, things are sure to get worse,” he said. Zandi elaborated during an interview with ABC News on Monday, saying investor anxiety is growing as Trump shows no signs of walking back his proposed tariffs. “That’s the fodder for an economic downturn. Obviously, that’s not good for business. That’s not good for profits. That’s not good for stock prices,” Zandi said. He warned that the looming auto tariffs could hurt consumers with rising vehicle prices and hit car dealerships just as hard. “Even though the domestic automakers may grab market share — because the tariffs are harder on countries that are exporting to the U.S. — the fact is that we’re going to sell, overall, fewer cars. That means the folks at auto dealerships are going to have less cars to sell, and that’s going to mean less jobs,” he said.

As the ripple effects of these tariff policies begin to take shape — from soaring car prices to rising inflation and stalled economic growth — it’s clear that the stakes are higher than ever.

What we’re witnessing isn’t just economic turbulence; it’s a direct threat to the financial stability and freedom of everyday Americans.  

But here’s the truth: you’re not powerless. You can take steps now to protect your retirement savings and money and your future from the fallout.

You can protect your finances through an obscure IRS Loophole designed to shield your IRA, 401(k), and other retirement accounts from government overreach with physical assets like gold.

This IRS loophole is 100% legal, tax-free, and penalty-free.

You can take action effortlessly by grabbing your **FREE copy of our Wealth Protection Guide** today.  

Thousands of wise Americans have already used this strategy to transfer their IRA, 401(k), TSP, and liquid assets into a private, government-proof safe haven, tax-free, and penalty-free

Don’t delay – claim your FREE Wealth Protection Guide now to learn how to safeguard your life’s savings before it’s too late.

This powerful information is available for a limited time only.

Claim Your FREE Wealth Protection Guide on Gold

What Our Clients' Say

American Gold Eagle coin on a stack of gold coins
Business man and woman colleagues sitting at desk discuss startup using laptop. Businessman sharing ideas with mature female coworker. Two serious businesspeople solving issues working on project

Global Gold Investments

What we can do for you

Global Gold Investments – In this troubling fiscal era, protecting and preserving the value of your current and future wealth is of primary importance.

At the heart of what we do is a clear and impactful goal: to protect and enhance your family’s financial future. We recognize that your retirement represents not just an account, but a lifetime of dedication that demands great respect and care. That’s why we develop personalized investment strategies designed to not only fulfill but surpass your expectations.

Ready to connect? Call Now.

Speak to our industry-leading investment specialists one-on-one. 

Global Gold Investments

Corporate Office

Sign up for investor news, market insights, special offers, and more.

© Global Gold Investments 2026. All rights reserved.