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Trump Declines to Rule Out 2025 U.S. Recession, Warns of ‘Period of Transition’ in Economy

  • President Donald Trump is not ruling out a recession this year and acknowledges that his tariffs could impact U.S. Growth.
  • Commerce Secretary Howard Lutnick announced that 25% tariffs on steel and aluminum will take effect Wednesday.
  • Trump insists that these tariffs will ultimately be beneficial for the U.S., despite concerns about price increases.
  • Trump claims that previous global trade practices have harmed the U.S., stating, 'for years the globalists... Have been ripping off the United States.
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48% Center
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Investing.com broke the news in on Tuesday, March 4, 2025.
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