President Trump and his advisers have taken a different approach towards the possibility of a recession, openly acknowledging it and suggesting it may not be detrimental in the long run. While aiming to reduce imports and re-industrialize the American economy through tariffs, economists warn of potential negative impacts on the economy, consumer prices, and the middle class. The administration’s policies could disproportionately affect low-income Americans, leading to higher prices, disruptions, and cuts to government services, potentially causing long-term harm even after a recession ends.
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