More tariffs, more fear in markets from Marketplace.

I'm Sabri Beneshore in for David Brancaccio.

President Trump over the weekend said new tariffs set to be announced this week

will cover basically all countries.

These are what the administration has been calling reciprocal tariffs.

Global markets are down this morning, and investors here in the U.S. are worried, too.

Futures are pointing to a lower open. Marketplace, the Nova Sappho has more.

Whatever tariffs are announced this week, they'll come on top of other import taxes already announced,

on vehicles, steel and aluminum, Chinese goods, and on a portion of the trade coming from Mexico and Canada.

All of this has investors worried not just about policy uncertainty, but about how many blows the U.S. economy can take.

Analysts at Goldman Sachs just increased the probability of a recession over the next 12 months from 20% to 35%. That's because data is piling up, showing consumers are increasingly worried and becoming more cautious with their spending.

Meanwhile, a key inflation gauge on Friday came in hotter than expected, which means prices could keep rising faster than experts want, even as the economy slows.

All of this has investors fleeing for perceived safer havens, such as gold, where prices

have risen at their quickest pace in nearly 40 years, and bonds, where higher prices are sending

yields lower. Ironically, that could be good news in the short term for those looking to take out

a home loan or buy a car as falling treasury yields push down consumer interest rates. I'm

Novosafa for Marketplace. President Trump is also threatening more tariffs if Russian President

Vladimir Putin prevents a ceasefire deal with Ukraine from going through. These tariffs wouldn't be

on Russia itself. They would be on goods coming into the U.S. from other countries that buy

Russian oil. Trump told NBC's meet the press these tariffs would be between 25 and 50 percent. Up next, are you thinking of starting your own business?

In the last five years since the beginning of the pandemic, there's been a burst of entrepreneurship.

Last year, there were 5.2 million new business applications in the U.S.

...