Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%. Before President Trump roiled markets with his tariff announcement last week,

Polymarket, an offshore betting platform, shows a 62% chance of a recession occurring in the U.S. this year, cooling down Monday afternoon after peaking at 66% on Sunday, when Goldman Sachs economists said they expect a recession to occur if the Trump administration goes through with its tariff rates.

U.S. recession fears are in the air following President Donald Trump's tariff plan, with prediction platforms Polymarket and Kalshi indicating heightened concerns the economy will take a hit. On Polymarket,

Goldman Sachs Group Inc. economists said they now see a 65% chance of a US recession in the next 12 months, citing President Donald Trump’s tariffs on US trading partners.

The new wave of President Trump’s tariffs starts at midnight. NBC News’ Christine Romans and Melanie Zanona have the latest reporting. Veda Partners managing partner and director of economic policy research Henrietta Treyz and staff writer at The Atlantic Ashley Parker join Chris Jansing to provide more insight on the potential impact.

The BBC's North America business correspondent Michelle Fleury explains three warning signs to watch for as US recession fears rise.