$BTC With inflation still high and growth slowing, Trump’s proposed import taxes might push the U.S. into a recession by late 2025.

Here’s what’s happening — and why it matters more than you think:

Elon Musk recently raised concerns that Trump’s proposed tariffs on imports could trigger a U.S. recession in the second half of 2025 — and he may not be wrong. Tariffs, which are essentially taxes on goods we import from other countries, raise the cost of everything from raw materials to finished products. That means higher prices for businesses and consumers — exactly what a fragile economy doesn't need