Sunday, March 9, 2025

President Trump’s Views on US Economic Restructuring – Interesting

Trump declines to rule out recession amid tariffs’ effects on markets
https://www.washingtonpost.com/politics/2025/03/09/trump-recession-economy-inflation/
Trump said his economic policies shouldn’t be swayed by the broad-based market sell-off in recent weeks as he has moved to impose tariffs on countries around the world, most notably hiking levies on China. Mexico and Canada are also facing large new tariffs, although Trump has repeatedly postponed them. …
“If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters, and you can’t go by that. You have to do what’s right,” Trump said about the stock market. “What we’re doing is we’re building a tremendous foundation for the future.”
He said that businesses always say they want “clarity” about tariffs, but that’s “almost a sound bite.” He added that tariffs “may go up. I don’t think we’ll go down.”