'Volatility and conflict': Business leaders sound warnings over Trump's tariffs
1. Trump's 25% tariffs on aluminum and steel have begun impacting markets. 2. Experts warn of potential recession risks rising to 35% probability. 3. Reciprocity in trade is essential to avoid heightened market volatility. 4. Increased domestic spending could counterbalance negative GDP effects from tariffs. 5. EU plans counter-tariffs worth $28.33 billion against U.S. goods.