Donald Trump is wrapping up his 78th day in office and his campaign lies about lowering costs on Day One could not be farther from the disastrous reality he is creating. As Trump plunges the country into “financial chaos” (and takes off to play golf), Americans are bracing for a “Trump recession” that’s poised to hit his own supporters the hardest. 

Here’s a look at economists’ and consumers’ growing concerns with Trump’s expensive economic agenda:

Bloomberg: “JPMorgan Model Shows Recession Fear in Markets Spiking Up to 79%”

“Economists have raised recession odds across the board. Some 92% of the forecasters who responded to a Bloomberg survey conducted April 2-3 said the imposition of sweeping levies raises the risk of a US economic downturn over the next 12 months.

“JPMorgan’s team of economists, led by Bruce Kasman, hiked the odds of a global recession to 60% last week. The bank’s chief US economist, Michael Feroli, forecasts real GDP growth of -0.3%, down from 1.3% previously.”

CNN: “US stocks tumbled solidly into the red in the afternoon. The Dow fell 320 points, or 0.84%. The broader S&P 500 fell 1.57%. The tech-heavy Nasdaq Composite slid 2.15%. …

“Over the course of the past few days, stock prices got absolutely hammered as Wall Street grew fearful that Trump’s tariff policy would plunge the US and global economies into a recession. …

“[JPMorgan Chase CEO Jamie Dimon] warned in his annual letter to shareholders Monday that Trump’s tariffs would raise prices, slow the global economy and weaken America’s standing in the world by tearing up its alliances. Even some of Trump’s allies, including Elon Musk and Bill Ackman, have recently warned that tariffs are bad policy that rely on extremely flawed logic.”

Politico: “‘The opposite of what Americans voted for’: Market turmoil causes Trump backlash”

“The economic turbulence unleashed by the White House’s blanket tariffs is sending shudders through every level of the Republican Party. Alarmed officials worry the administration is driving the U.S. toward recession and dooming the GOP’s midterm chances — yet they have no idea what will convince Trump to change course.

“Wall Street executives who cheered on Trump’s election in hopes he would boost the economy are starting to fret, publicly urging the White House to rein in its trade war. Republican lawmakers watching the daily stock market volatility are bracing for the political fallout, as constituents’ retirement funds dry up and employers slow their hiring.

“And in some parts of Trump’s orbit, there is growing fear that if the president refuses to abandon his tariff policies soon, a chunk of his voter base will abandon him.”

Wall Street Journal: “Some of the first leaders to speak out have been vocal Trump supporters. Ackman, the billionaire hedge-fund manager behind Pershing Square, called for a 90-day pause in the tariffs to negotiate with other countries, warning that the alternative was ‘a self-induced, economic nuclear winter.’ …

“Ryan Cohen, the Trump-supporting CEO of the videogame retailer GameStop, posted on X last week that the tariffs ‘are turning me into a dem.’”

New York Times: “Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock indexes in Asia and Europe have fallen sharply as well. …

“Investors overwhelmingly believe that Mr. Trump’s tariffs, and retaliation from U.S. trading partners, will lead to higher prices, slower growth and possibly a global recession. …

“The direct effects of tariffs will fall hardest on low- and moderate-income consumers, who tend to spend more of their money on food, clothing and other goods subject to duties, and who have less savings to insulate them from higher prices. …

“Shares of technology companies, automakers and other companies with global supply chains have suffered some of the biggest declines. But the losses haven’t been limited to companies most directly affected by tariffs. Shares of airlines, hotel operators and other companies that offer services to consumers with disposable incomes have also fallen.”

New York Times: “American Whiskey Braces for Another Trump Trade War”

“Industries across the United States are bracing for higher prices for the imports that they need to make their products, as well as new restrictions on their exports as countries around the world prepare to retaliate against Mr. Trump’s tariffs. America’s whiskey industry has become a favorite target of such retaliation, and the blowback is going to be especially painful for distillers and the companies that supply them, from farmers to barrel makers. …

“[Trump’s] blunt strategy is putting the economic squeeze on other American industries, hitting many of the workers who supported him in red states and helped propel him back to the presidency.”