JPMorgan CEO Jamie Dimon has sounded the alarm about a likely recession, attributing the growing economic uncertainty to escalating trade tensions and Trump’s tariffs. Dimon warns that the current trade war risks pushing the U.S. economy into a recession, a sentiment echoed by Goldman Sachs, which recently raised the odds of a recession to as high as 65%. Economists and business leaders are increasingly apprehensive, pointing to the potential for defaults as a consequence of the tariff impacts. The heightened fears are reflected in changes in economic forecasts, with some predictions shifting dramatically just hours after being announced. As the markets react to these developments, analysts urge for quick resolutions to avert a damaging economic downturn.