Trump placed tariffs totaling 145% on China, leading China to retaliate with tariffs of 125% on the U.S. — essentially triggering a trade war between the world’s two largest economies with the potential to bring on a recession.

Trump’s tariffs are forecast to slow the global economy sharply this year, the International Monetary Fund said.

The International Monetary Fund predicts the U.S. and global economies will slow significantly due to the president's trade war