According to online reports, ITR Economics economist Connor Lokar said fears that tariffs would push the United States into recession may have been exaggerated. "Trade is not a large proportion of U.S. GDP... the United States is the largest economy in the world," he added."Size matters." Weaker economic indicators, coupled with concerns about the negative impact of tariffs, are driving risk aversion, pushing stocks, Treasury yields and the dollar lower. However, Lokar said the U.S. economy will eventually continue to expand,"but uncertainty, prices and the resulting interest rate pressure tend to drag down economic growth."