Summary

Donald Trump declined to rule out a U.S. recession in 2025, citing a “period of transition” due to his trade policies.

When asked if tariffs would fuel inflation, he acknowledged the possibility but pointed to lower interest rates.

Despite stock market volatility, he insisted “you have to do what’s right.” The Atlanta Federal Reserve warned of economic contraction, raising recession fears.

Commerce Secretary Howard Lutnick dismissed concerns, predicting strong growth. Trump’s stance contrasts with his past claims that trade wars are “good and easy to win.”

  • ToadOfHypnosis@lemm.ee
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    20 hours ago

    America couldn’t forgive Biden for unavoidable global inflation. They better be raging when this totally avoidable and reckless inflation begins.

      • WheelerSelanne@lemmy.ca
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        14 hours ago

        They’ll be praising him for how good the stuff is that they scavenged from their neighbours burnt out homes. And saying how nice it is not to have mortgage payments on the cave they live in

      • pelespirit@sh.itjust.works
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        19 hours ago

        How do we separate him from his cult though? That’s the real question. Who would have thunk that in a month, he’s destroyed our economy. How can we destroy his cult’s adoration in the same amount of time?

        • CmdrShepard42@lemm.ee
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          14 hours ago

          You can’t unless you can alter the brainwashing information flow feeding directly into their minds.

      • hypna@lemmy.world
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        20 hours ago

        Sure there’s the maga cultists, but that is not the majority of people who voted for Trump. I honestly think a self-inflicted recession may turn out to be a good thing.

        Right now Trump is behaving like, and being treated by the opposition like he’s invincible. But I do not think we are at the point where maga has such a hold on power that they can withstand being broadly unpopular. There is still a lot of the government and civil society that remains intact, and could be a platform for stopping the authoritarian takeover, but they are going to need a huge amount of public support. Causing a recession when your mandate was to improve the economy may be enough for this.

        The longer this festers, the more maga will be able to destroy or compromise the state and civil society. I think we need to force the crisis sooner rather than later.

        • obviouspornalt@lemmynsfw.com
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          18 hours ago

          Yes, sooner rather than later is the Project 2025 plan. They need violence to break out soon in order to get martial law in place so that the '26 midterm elections are suspended.

    • Omega@lemmy.world
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      20 hours ago

      It’s ridiculous that Biden wasn’t celebrated for avoiding a recession in the U.S. when there was a global recession and analysts were certain we were going to have one here.

    • ATDA@lemmy.world
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      20 hours ago

      Fox News is still calling it the tail end of bidens inflation. They’re happy to extend that for 40 years or so.

      • The Quuuuuill@slrpnk.net
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        19 hours ago

        everytime things bet better it’s reagan’s policies finally working. anytime things get worse it’s obama’s fault.