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Home Business & Finance Economic Policies

u.s. economy: Will US face recession in 2025? See what US President Donald Trump said over economic concerns todayheadline

March 9, 2025
in Economic Policies
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u.s. economy: Will US face recession in 2025? See what US President Donald Trump said over economic concerns
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US President Donald Trump did not confirm whether the U.S. could face a recession in 2025. In an interview with Fox News, he discussed tariffs, stock market fluctuations and economic concerns. He delayed some tariffs but indicated possible increases. Commerce Secretary Howard Lutnick rejected the possibility of a recession.

What did Trump Say?

In an interview with Fox News, Trump was asked about the possibility of a recession in 2025. He declined to give a prediction. He said he does not like to predict such events. He mentioned that the economy is going through a transition due to major changes.

Tariff Delays and Future Plans

Trump recently agreed to delay some tariffs by one month. The delay affects certain imported goods from Mexico and Canada. The tariffs, which briefly took effect, were paused until April 2. He initially granted an exemption for the three largest U.S. automobile manufacturers.

Despite delaying some tariffs, Trump suggested that tariffs could increase in the future. He said some tariffs may go up rather than down. The potential increase could impact various industries and consumer goods.

Also Read: Severance Season 2: Episode 9 release date, time, where to watch and release schedule

Stock Market Reaction

The stock market responded negatively to tariff changes. Trump told Americans they should not focus on stock market fluctuations. He suggested that economic adjustments take time. Many investors and businesses remain uncertain about the impact of tariffs.

Impact of Tariffs on Consumers

Tariffs are taxes on imported goods. They are paid by U.S. businesses and often passed on to consumers. Trump and his advisors believe tariffs could boost U.S. manufacturing. They argue that higher tariffs on foreign goods could make U.S.-made products more competitive.Also Read: Invincible Season 3: Episode 8 release date, time, episode schedule and where to watch

Commerce Secretary’s Take

Unlike Trump, Commerce Secretary Howard Lutnick commented on recession fears. He said there is no chance of a recession in the U.S. He argued that Trump’s policies are driving economic growth. He said he would not bet on a recession happening.

FAQs

How do tariffs affect consumers?
Tariffs increase the cost of imported goods. U.S. businesses pay these costs and often pass them to consumers, leading to higher prices for various products.

Why did Trump delay some tariffs?
Trump delayed tariffs to give businesses time to adjust. He also granted exemptions to some industries, such as automobile manufacturers, to reduce immediate economic impact.

Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

Tags: concernsdonaldEconomicEconomic growtheconomyexportsfaceimportspresidentrecessionstock marketTariffstodayheadlinetrade policiesTrumpU.SU.S. economyUS recession 2025
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