WALL STREET JOURNAL: President Trump admits tariff policy may cause recession, but says avoiding depression is primary goal

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Bitget2025/04/10 21:53

On 10 April, US President Donald Trump privately admitted that his sweeping and high tariffs plan unveiled last week could lead to a recession but that he is more concerned about avoiding the economy slipping into a depression, CNBC reported, citing the Wall Street Journal. Kevin Hassett, director of the U.S. National Economic Council, said the collapse in the bond market prompted Trump to adjust his trade policy.

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