Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

A recession will “absolutely” come this year if tariffs remain at their current levels, according to a top financial expert.

The chief economist at Apollo Global Management, Torsten Slok, appeared on CNBC Monday, saying that, “It’s all conditioned on tariffs staying in place at these levels, and if they stay at these levels, we will absolutely have a recession in 2025.”