Moody's: Brace for impact if Trump does not lift tariffs

ChainCatcher message, "If the U.S. government implements these higher tariffs without significant exemptions, the economy will have a hard time digesting this. A recession seems more likely to occur," said Mark Zandi, chief economist of Moody's Analytics. Zandi stated, "In many ways, the tariffs announced by Trump are even worse than the worst-case scenario he envisioned. If they stick to it, I would buckle up and prepare for the impact."