Nobel laureate Paul Krugman warns that President Trump’s unpredictable and often reversed tariff policies are creating deep uncertainty, discouraging business investment and thus increasing the risk of recession.

About half the people surveyed in a new opinion poll think prices while climb sharply, and are increasingly concerned about the possibility of a recession within the next few months.

President Donald Trump can't stop contradicting himself on his own tariff plans. He says he's on a path to cut several new trade deals in a few weeks — but has also suggested it's “physically impossible" to hold all the needed meetings.

The CEO of ServiceNow is optimistic about the tariffs, but many other CEOs have expressed concerns about the trade policy.

The developments came as China has struck a publicly defiant tone and Trump sowed confusion by claiming that he had spoken with Chinese President Xi Jinping, which Beijing denied.

China exempts some U.S. imports from 125% tariffs Beijing seeks to mitigate economic fallout from trade war Some recent imports from US have not been subject to tariffs, AmCham says, citing members April 25 (Reuters) - China has exempted some U.

Levies on certain U.S.-made microchips have been dropped, importers say. Meanwhile, China denied President Trump’s claims that talks to reduce tariffs are happening.

An American business group said Chinese officials had surveyed companies about American products that are crucial to their supply chains.