Trump’s Tariffs and Aides Warn of Recession Risks
President Donald Trump's administration is facing internal warnings about the potential economic fallout from his proposed tariffs on China. According to recent reports, Trump's aides have expressed concerns that the tariffs could lead to a recession in the United States. Despite these warnings, Trump remains steadfast in his position, stating that the U.S. will not make a deal with China unless the trade deficit is resolved.
The President's stance has been met with mixed reactions from economic experts. Some, like Scott Bessent of Barons, have downplayed the fears of a recession, arguing that the tariffs might not have as severe an impact as predicted. However, others are not as optimistic, pointing to the potential for increased costs for American consumers and businesses, which could slow down economic growth.
Trump's approach to trade with China continues to be a contentious issue, both domestically and internationally. As negotiations between the two economic giants remain stalled, the world watches closely to see how this high-stakes economic standoff will unfold.
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