CNN anchor Kaitlan Collins criticized President Trump's assertion that tariffs would benefit small business owners, labeling them as taxes, which raises questions about profitability. Amidst this, the Dow Jones experienced a severe decline of over a thousand points during the week, reflecting investor anxiety over Trump's trade strategies and his reluctance to acknowledge potential recession risks. As Trump remained defiant in his stance on tariffs, even amidst mounting economic concerns, his administration showed a contrasting level of confidence in the underlying economic fundamentals, with Vice President JD Vance expressing optimism about the long-term benefits of trade policies.
COLLINS: Inside the White House tonight, President Trump is shrugging off the growing pessimism, over his expanding trade war, only digging in and becoming more defiant, as he's now threatening some of his biggest tariffs yet.
Trump’s trade policies and refusal to rule out a recession contributed to market unease, as demonstrated by the Dow Jones’ massive drop over the week.
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