Inflation is already baked in. 

Trump is leaving 15% Tariff's on, even after "trade" negotiations. 

The EU deal gives the U.S. practically nothing, and it won't actually be finalized for months. 

There is tons of uncertainty will they/won't they in an awful lot of industries and markets. Trump loves that kind of control, business planners hate it. Unemployment will continue to rise. 

Costs ripple throughout an economy. We could already be stuck in a spiral that we can't fully control.