Business economists expect a new U.S. recession could begin by 2020

Three-fourths of the NABE panel believes that current trade policies will hurt the economy. Last week, Trump imposed penalty tariffs on steel and aluminum imports from major U.S. trading partners — the European Union, Canada and Mexico — and he has threatened tariffs on up to $200 billion in Chinese imports, moves that could trigger a global trade war as the targeted nations pledge to retaliate.