The S&P 500 has now recorded its fourth consecutive week of losses, largely attributed to ongoing tariff announcements from President Trump. While Trump describes this as 'a little disturbance' or 'a detox period' for the economy, economist Matt Slaughter from Dartmouth College expresses skepticism regarding the benefits of such a strategy. He argues that Trump's approach may lead to significant long-term economic pain, warning that the likelihood of a recession is increasing as tariff impacts ripple through the markets.
President Trump describes the economy as experiencing 'a little disturbance' due to ongoing tariff announcements, despite economists warning of potential long-term pain.
Economist Matt Slaughter believes that Trump's tariff strategy, aimed at boosting US revenue and jobs, could actually steer the economy toward a recession.
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