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.”

  • vegeta@lemmy.world
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    14 hours ago

    From:“THIS IS THE TRUMP STOCK MARKET,” Trump wrote in an all-caps Truth Social post, “BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP.”

    and.

    TRUMP CASH vs. KAMALA CRASH!

    To: "I DON’T LOOK AT THE MARKET

    • Em Adespoton@lemmy.ca
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      13 hours ago

      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.