Summary

Donald Trump declined to rule out a U.S. recession in 2025, citing a “period of transition” due to his trade policies.

When asked if tariffs would fuel inflation, he acknowledged the possibility but pointed to lower interest rates.

Despite stock market volatility, he insisted “you have to do what’s right.” The Atlanta Federal Reserve warned of economic contraction, raising recession fears.

Commerce Secretary Howard Lutnick dismissed concerns, predicting strong growth. Trump’s stance contrasts with his past claims that trade wars are “good and easy to win.”

  • futatorius@lemm.ee
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    49 minutes ago

    He’s deliberately causing a crash so billionaires can buy everything up at a dime to the dollar.

  • CharlesDarwin@lemmy.world
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    10 hours ago

    If it crashes, I’m sure it will be Biden’s fault. Also: Kamala’s.

    Also, I’m sure Kamala would have been just as bad because something something neocon genocide…

    In any case, I think the corporate media would be doing the very least if they called it the Trump Depression/Recession.

  • ProIsh@lemmy.world
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    12 hours ago

    The guy that predicts he’s going to make everything better all the time, every day. “I don’t like to predict things”

    This fucking clown.

  • Bluefalcon@discuss.tchncs.de
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    13 hours ago

    He’s playing the market. Tank and buy low, then you let the next admin fix it. Plus they can still blame Dems for tanking it.

  • rc__buggy@sh.itjust.works
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    14 hours ago

    The US is definitely going to have a recession, I just hope it’s not going to be s full on depression.

    Please try to become as self sufficient as possible. I already have laying hens and a salsa garden, I’m going to try for dry beans this year.

  • danekrae@lemmy.world
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    14 hours ago

    I hate to predict things

    That’s a huge part of your fucking job! Anticipating the consequences of your decisions.

  • DaddleDew@lemmy.world
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    14 hours ago

    Experts could have easily predicted that for him.

    There is no 200 IQ 4D chess plan. He just wings it as he goes. He says and does whatever “feels good” to him at the moment with zero regards to consequences, consistency or truth. He doesn’t consult experts, he doesn’t study anything because he thinks he knows everything about everything already. He is simply lucky when things go his way and is really good at shifting blame when they don’t.

  • ATDA@lemmy.world
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    14 hours ago

    I’ve never actually seen Trump think proactively. Perhaps it’s my bias, or perhaps I don’t consider him thinking of his own future as proactive thinking…

  • Lukas Murch@thelemmy.club
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    14 hours ago

    Period of transition, huh? Like 4 year period? Then we elect a Democrat that fixes the economy and Trump goes, “That’s my economy!”

    The cycle continues…

  • WatDabney@sopuli.xyz
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    14 hours ago

    To paraphrase the Narcissist’s Prayer, he’s currently moving from “That won’t happen” to “And if it does, it won’t be that bad” and on to “And if it is, that’s not a big deal.”

    So expect “And if it is, that’s not my fault” in the not terribly distant future.

  • xmunk@sh.itjust.works
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    15 hours ago

    The US is going into a recession.

    The really keen among you probably saw this coming last summer due to the slowing job growth numbers as being inevitable regardless of how the election turned out but this fucker is absolutely making it much more painful than it needed to be.

  • vegeta@lemmy.world
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    15 hours ago

    From:“THIS IS THE TRUMP STOCK MARKET,” Trump wrote in an all-caps Truth Social post, “BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP.”

    and.

    TRUMP CASH vs. KAMALA CRASH!

    To: "I DON’T LOOK AT THE MARKET

    • Em Adespoton@lemmy.ca
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      14 hours ago

      It’s like if you cut someone off in traffic, forcing them to collide with a large truck. Trump’s the sort of person who won’t stop to help, but will drive off pretending he had nothing to do with it, only to proudly point out “Hey! I was there!” When it makes the evening news.