Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.

Robert Fry, an economist based in Delaware, said the United States could go into a recession if President Trump's tariffs on Mexico and Canada continue.

All three major U.S. markets sank before regaining lost ground on fears a trade war will hobble the world’s largest economy and boost inflation.

Tariffs will affect corporate hiring and put U.S. manufacturers operating globally in a difficult situation, economists say.

President Donald Trump’s latest trade-war salvo, the largest act of American protectionism since the 1930s, will likely put the brakes on US growth in the near term – and it’s just one of the shocks piling up for increasingly nervous consumers,