Trump’s Tariff Policies Raise Fears of Potential U.S. Recession
Economic experts warn of risks tied to proposed tariffs and government spending cuts as the U.S. economy faces uncertainty.
- President Donald Trump describes the economy as being in a 'transition' and suggests a recession could be a necessary tradeoff for his economic policies.
- Proposed tariffs on major trading partners, including China, Canada, and Mexico, are raising concerns about inflation and reduced consumer purchasing power.
- While current economic indicators like low unemployment and stable consumer spending suggest resilience, declining business and consumer sentiment is fueling recession fears.
- Experts estimate a 35% chance of a U.S. recession, driven by tariff-related costs, geopolitical uncertainties, and spending cuts.
- Recessions historically impose disproportionate burdens on marginalized groups, with rising unemployment and income losses being among the most significant consequences.