Brown University Professor Şebnem Kalemli-Özcan critiques the planned tariffs by the Trump administration on imports from Mexico, Canada, and China, arguing they will harm the U.S. economy by raising consumer prices and potentially leading to recession. She emphasizes that while tariffs are intended to protect domestic industries, they could result in decreased consumer spending and increased unemployment.

Rising credit card debt and increasing delinquency rates are raising concerns among credit card companies about a potential economic downturn. Consumers are struggling to manage their debt as borrowing costs rise, signaling possible challenges ahead for the economy.