The U.S. stiock market has dropped considerably over the last week amid concerns over the impacts of President Donald Trump's proposed tariffs.

US stocks have gone from scaling record highs to flashing recession worries in a matter of weeks. What began as a mild decline in the most expensive technology stocks has quickly morphed into a flight from all of last year’s winning bets as investors worry President Donald Trump ’s trade war will stall the US economy.

Online search engines have seen an uptick in people asking questions about the country's economic fate, including "is a recession coming in 2025," "how to prepare for a recession," and "what is a recession.

U.S. stocks have suffered their sharpest selloff in months as investors have grown nervous that Trump will slow the economy with import duties.

Former Treasury Secretary Lawrence Summers said there’s almost a 50-50 likelihood of the US tipping into a recession this year due to a range of policy steps from the Trump administration that are undermining confidence.

Lawrence Summers warns of a near 50% U.S. recession risk in 2023, citing policy uncertainty, tariffs, and protectionism.