Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet

Global market volatility and geopolitical turbulence following President Donald Trump’s return to the White House have raised concerns about a potential U.S. recession, but economists like Holger Schmieding of Berenberg Bank believe that a downturn is not imminent. Schmieding labeled Trump as an “agent of chaos and confusion” due to his unpredictable tariff policies, but pointed out that the U.S. economy remains resilient with strong consumer spending, a stable labor market, and potential tax cuts and deregulation on the horizon, reducing the risk of a recession in the near future.

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