For now, the economy appears to be stable. Still, fears of a downturn are rising as investors, economists and business executives are realizing that President Donald Trump's import taxes are much more at the forefront of his economic policy this time around.

"I think this country's going to boom, but, as I said, I can do it the easy way or the hard way," the president said.

Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising