Supply chain scholars and shipping industry insiders say they're expecting higher prices, barren shelves, and job losses if trade deals are not made.

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.