Investment bank Goldman Sachs has warned that U.S. President Donald Trump's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession.

Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill. In a note Sunday, the firm said "we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.

President Donald Trump has sounded more hawkish on trade in recent days after previously downplaying his plans for new tariffs set to be announced this week, according to a new report. It comes as Goldman Sachs (GS) economists have increased their forecasted odds of a recession over the next 12 months,

President Donald Trump’s “Liberation Day” is here. For months, Trump kept businesses and nations across the globe largely in the dark on his tariff plans that revolve around what he refers to as “reciprocal tariffs.

Trump announced sweeping global tariffs. President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico w

U.S. stock indexes recovered from morning losses to trade modestly higher on Wednesday as investors awaited U.S. President Donald Trump's sweeping tariff announcements. Volatility has gripped U.S. markets in recent weeks as investors speculate about the scope of tariffs and their impact on the global economy,

Canadian prime minister Mark Carney on Wednesday vowed to counter tariffs imposed by the Trump administration. Speaking shortly after President Donald Trump announced far-reaching new tariffs on nearly all U.

The U.S. dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of U.S. President Donald Trump's plans for tariffs, which could upend the global trading system and shake financial markets.

Donald Trump has just turned the world economy upside down with a wave of aggressive tariffs on America’s trading partners.

Canada's main stock index opened lower on Tuesday, hurt by losses in heavily-weighted financials, as investors adopted a cautious stance ahead of U.S. President Donald Trump's planned announcement of reciprocal tariffs on Wednesday.

With President Donald Trump's so-called “Liberation Day” of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada.

Asian markets and U.S. futures tumbled Thursday following U.S. President Donald Trump’s announcement of big increases in tariffs on imports of goods from around the world. Tokyo’s