22 sources·Business

Trump Stands Firm on Tariffs Amid Recession Concerns

President Trump insists tariffs will restore U.S. wealth despite recession fears and market volatility, emphasizing American interests and reciprocal trade practices.

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  2. Trump and His Commerce Secretary Differ Over Whether His Tariffs Will Spark a Recession

    But as this past week has proved, it’s no so simple: When Trump’s tariffs took effect on Mexico and Canada, the stock market took a nosedive and Canadian officials said they would impose retaliatory tariffs, ultimately leading Trump to pause the tariffs, as he’d already done once before—though he has also said global retaliatory tariffs will take effect on April 2.

    Trump and His Commerce Secretary Differ Over Whether His Tariffs Will Spark a Recession

    Mother JonesMother Jones·1M
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  6. Live updates: Trump says he hates to ‘predict things like that’ when asked if he expects a recession

    House Republicans on Saturday unveiled a 99-page, six-month stopgap funding bill to avert a government shutdown and increase defense funding while seeking cuts for nondefense programs, which will likely be a main focus of this week’s Sunday shows.

    Live updates: Trump says he hates to ‘predict things like that’ when asked if he expects a recession

    The HillThe Hill·1M
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  8. Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline

    Trump’s tariff policy, marked by hasty rollouts followed by reversals and delays, have sowed confusion and injected chaos into financial markets.

    Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline

    BloombergBloomberg·1M
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  11. Trump Admits He's Willing to Let Americans Suffer for His Trade War

    To “get it back,” Americans will bear the burden of increased prices, rising inflation, and an economic slump.

    Trump Admits He's Willing to Let Americans Suffer for His Trade War

    Rolling StoneRolling Stone·1M
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    Left
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  14. Trump teases tariffs against Mexico, Canada may go higher in the future

    Trump has imposed tariffs on Mexico and Canada, as well as foreign adversary China, citing the countries' alleged border control issues leading to fentanyl pouring into the U.S. and killing American citizens.

    Trump teases tariffs against Mexico, Canada may go higher in the future

    FOX NewsFOX News·1M
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  1. PBS NewsHour
  2. Mother Jones
  3. Boston Globe
  4. The Guardian
  5. Newsweek
  6. The Hill
  7. USA TODAY
  8. Bloomberg
  9. NPR
  10. CNBC
  11. Rolling Stone
  12. New York Post
  13. Associated Press
  14. FOX News
  15. Newsmax
Updated: Mar 9th, 2025, 8:00 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

President Trump reaffirmed his commitment to impose reciprocal tariffs on imports from various trading partners, set to commence on April 2. Acknowledging possible effects on U.S. growth, he remained optimistic that his strategy would benefit the American economy in the long run. Trump's prior 25% tariffs on Mexico and Canada were paused due to market turmoil, highlighting the uncertain impact of his trade policies. Commerce Secretary Howard Lutnick defended the tariffs’ purpose, claiming they would help domestic industries. Despite concerns of an economic downturn, Lutnick rejected predictions of recession, asserting the policies would foster significant growth.

Perspectives

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  • Trump's tariffs on imports from Mexico and Canada aim to address trade imbalances and illegal drug issues, but they also raise concerns about economic growth and market stability, as recent evidence suggests a rising likelihood of recession.

  • Despite acknowledging potential disruptions, Trump argues that these tariffs will ultimately result in long-term benefits for the American economy, claiming they will bring wealth back to the country, though skepticism remains about their immediate impact.

  • The administration's tariff policies are marked by confusion and hasty decisions, leading to criticism about their impact on businesses and the overall economy, especially in light of volatility in stock markets.

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