Donald Trump Denies Recession In United States

Donald Trump Denies Recession In United States. Amid stock market volatility and concerns about economic recession, President Donald Trump has again expressed optimism about the long-term US economy.

Stocks plunged early in the trading week after Trump threatened to double tariffs on planned US electricity tariffs. The United States finally gave in. Some Americans are not too worried like a restaurant manager who felt the impact of TR tariffs during his first term.

They are in the form of stocks. This is not the first time the threat of recession has surfaced in the United States since the last economic recession in 2020. This time, concerns about recession have strengthened with various tariffs imposed by the Trump administration, as seen in the economic policy uncertainty index and a separate survey by the University of Michigan.

Both the index and the survey noted that the biggest source of consumer and business anxiety is uncertainty about the Trump administration’s tariff tug-of-war if a recession occurs.

It’s not just the United States that will be affected. In mid-March, a 25% tariff also began to apply to steel and aluminum imports from all countries, including Indonesia.