- cross-posted to:
- economics@lemmy.ml
- cross-posted to:
- economics@lemmy.ml
Summary
Donald Trump declined to rule out a U.S. recession in 2025, citing a “period of transition” due to his trade policies.
When asked if tariffs would fuel inflation, he acknowledged the possibility but pointed to lower interest rates.
Despite stock market volatility, he insisted “you have to do what’s right.” The Atlanta Federal Reserve warned of economic contraction, raising recession fears.
Commerce Secretary Howard Lutnick dismissed concerns, predicting strong growth. Trump’s stance contrasts with his past claims that trade wars are “good and easy to win.”
It’s like if you cut someone off in traffic, forcing them to collide with a large truck. Trump’s the sort of person who won’t stop to help, but will drive off pretending he had nothing to do with it, only to proudly point out “Hey! I was there!” When it makes the evening news.