President Donald Trump is evaluating a proposal to impose 20 percent tariffs on most imports, a measure that could potentially generate $6 trillion in annual revenue. This plan has sparked concerns about economic disruption, prompting Goldman Sachs to raise the likelihood of a recession from 20% to 35%. The stock markets reacted negatively, with the S&P 500 declining by 5.8% and consumer sentiment reaching a four-year low. Currently, the tariffs are only proposed, and Trump has not yet finalized them amid ongoing worries about potential economic impacts.