The American economy is experiencing whiplash in the wake of Donald Trump's flip flop on tariffs for Canada, China and Mexico. Katie Phang and Heather Boushey break down what that means for the American people.

Consumer and corporate optimism have faded in recent weeks as markets began to contend with the possible consequences of Trump’s agenda.

Germany's plans to drastically increase government spending will be a focus at President Christine Lagarde's press conference.

Some analysts fear tariffs will not only make goods more expensive, but could create "stagflation" - a period of slow growth but high inflation.

Key Takeaways Donald Trump's on-again, off-again trade wars have stoked uncertainty and revived fears of a bout of "stagflation," meaning slow growth combined with high inflation.Trump's proposed tariffs could plunge the economy into a recession as soon as the second quarter of this year if they are put fully into effect and not delayed yet again,

Some economists are growing increasingly worried about "stagflation" — meaning slow growth, high inflation and even rising unemployment — as a result of Trump's policies around tariffs and immigration.