Commerce Secretary Howard Lutnick said President Trump’s tariffs are “worth it” – even if they trigger a recession. Economists have warned that the president’s stiff tariffs on Canada and Mexico, which are on a 30-day pause;

Karoline Leavitt gave the wrongest explanation of how tariffs work. A new poll reveals the worst numbers yet for Donald Trump when it comes to the economy. (Reuters) -President Masoud Pezeshkian said Iran would not negotiate with the U.

Key Takeaways Treasury Secretary Scott Bessent said the administration's goal was to have a "smooth transition" to an economy with less federal spending.Last week, Bessent stoked fears of a recession by warning of a period of "detox" from high government spending as Trump slashed programs and workers.

The last two recessions before the pandemic show that the economic pain of a recession can linger for many years. This was especially the case during and after the financial crisis from 2007 to 2009,