Economists predict a 90% probability of a recession in the US economy.

The impact of the excessive tariffs imposed by the US government on the domestic economy is becoming increasingly apparent. Officials at the busiest and largest container port in the US, the Port of Los Angeles, predict a significant decrease in inbound freight volume next week. Tosten Slok, Chief Economist at the US Apollo Global Management, recently predicted that the probability of the US entering an economic recession is as high as 90%.