Steve Rattner joined #MorningJoe to break down the broader economic impact of Trump’s new tariffs, warning that the odds of a recession this year are now as high as 60%. Rattner pointed to a $5 trillion drop in market value since Trump’s inauguration—adding that the U.S. is projected to suffer the worst long-term GDP hit of any major economy: “Trump thinks he’s the winner—and we turned out to be the loser.” For more context and news coverage of the most important stories of our day click here: