Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight.

The signs of a recession, how they affect the public and what you can do to prepare financially in case one comes.

U.S. stocks have suffered their sharpest selloff in months as investors have grown nervous that Trump will slow the economy with import duties.

The S&P 500 is set to have its worst day of the year, decreasing by more than three percent by Monday afternoon. This comes just one day after Trump refused to rule out the possibility that his trade war could lead to a recession later this year.

Canada and the European Union swiftly unveil retaliatory levies against the U.S., hours after Trump's sweeping tariffs on steel and aluminum.