President Donald Trump’s sweeping new tariffs are drawing blistering criticism from economists and market analysts, with CNBC’s Steve Liesman calling the move a “self-inflicted catastrophe” that could plunge the country into recession. Appearing on MSNBC’s All In with Chris Hayes Friday night, Liesman warned that the markets are reacting to a grim economic outlook sparked by Trump’s latest trade actions. “If you take a step back, what’s really happening here, Chris, is the market is pricing in the high probability of a recession,” Liesman said. “That’s really what this is all about right now.” On Wednesday, Trump announced a new tariff structure that imposes a 10% baseline tariff on nearly all imported goods.
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