Trump Administration's Economic Policies Raise Recession Concerns

Key figures in Trump's cabinet defend tariffs and 'transition period' rhetoric despite market turbulence and fears of economic slowdown.

U.S. stock markets have seen a sharp decline following new tariffs introduced by the Trump administration, fueling fears of a potential recession.
President Trump and Commerce Secretary Howard Lutnick describe the economic disruption as part of a necessary 'transition period' aimed at reshoring manufacturing to the U.S.
Economists are divided on the likelihood of a recession, with some indicators signaling continued growth while others, like declining consumer confidence and spending, raise alarms.
The National Bureau of Economic Research (NBER), which officially declares recessions, has not yet indicated the U.S. economy has entered one, though some warning signs are emerging.
Critics argue that the administration's trade policies and tariffs are exacerbating inflation and economic uncertainty, with potential long-term costs for American consumers and businesses.