(Reuters) -U.S. bond giant PIMCO said recession risks in the country are at their highest in years and that investors are misjudging President Donald Trump's resolve to enforce steep tariffs.

"We very well may have a recession," investment chief Dan Ivascyn told the Financial Times on Thursday, in an interview alongside Pimco CEO Emmanuel Roman. "The probabilities are the highest they've been in a few years."

(Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala)