Trump declines to rule out 2025 US recession but commerce secretary says ‘absolutely not’

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Trump declines to rule out 2025 US recession but commerce secretary says ‘absolutely not’ - SCMP

Quick Summary:

Trump’s tariff threats against China, Canada and Mexico have left US financial markets in turmoil and consumers unsure of future.

Trump’s on-again, off-again tariff threats against Canada, Mexico, China and others have left the US financial markets in turmoil and consumers unsure what the year might bring.

But Trump’s commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.“Absolutely not,” he told NBC’s Meet the Press when asked whether Americans should brace for a downturn.