Trump is called the current economic challenges “temporary”, which expresses confidence in the long -term prosperity of America.
US President Donald Trump has admitted that the United States may enter the recession in the near future. However, he remains optimistic, saying that the country’s economy will flourish in a long time, according to the tass.
Asked during an interview with NBC News on Friday (April 2), whether there is a possibility of recession, Trump replied: “Anything is possible, but I believe we are on tracks for the largest economy in our country’s history.” He emphasized that any slowdown would be short -lived. “This is a transitional period. I think we are going to do incredibly good,” he said.
Concern on Chinese tariff
Former Treasury Secretary Janet Yellen warned in an interview with the first financial time that Trump’s tariff policies were U.S. Can push into recession. He said that America’s dependence on important raw materials from China means that the increase in tariffs on sugar imports can severely disrupted the major sectors of the US economy. The Yalon, who also worked as the chairman of the Federal Reserve, warned that it could have comprehensive economic consequences.
In early April, the U.S. Applied blankets 10% tariff on almost all imports, as well as the additional tariffs several major trading partners. While many of these duties were temporarily suspended for 90 days to allow space for interaction, tariffs on Chinese goods – something as high 145% – in the effect. In response, Beijing introduced an anti -anti -counter tariff on US products, reaching 125%.
