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DOGE, ADA, XRP News: Dogecoin, Ripple, Cardano Fall 7% as Traders Digest Elon Musk's 'Recession’ Comment

  • Elon Musk publicly warned in 2025 that President Donald Trump's tariffs will cause a US recession in the year's second half.
  • Musk's prediction follows widespread criticism that Trump's tariff policies are inflationary and increase recession risks.
  • The OECD forecast lowered US growth to 2.9%, citing policy uncertainty, lower exports, and slowed immigration as headwinds.
  • Musk tweeted on X that the tariffs implemented during Trump's administration are likely to trigger an economic downturn in the latter part of this year, describing them as "super stupid."
  • The tariff debate has sparked a public feud between Musk and Trump, and economists warn the policies could slow growth and raise inflation.
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After the chancellor visit, "Lanz" warns: Donald Trump is only distracting with the tariffs.

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  • 42% of the sources are Center
42% Center
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World News broke the news in United States on Thursday, June 5, 2025.
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