President Trump’s economic policies have shifted focus from immediate relief to a period of transition, marked by tariff implementations and concerns over potential recession. Despite earlier promises to reduce inflation quickly, Trump now emphasizes the long-term benefits of his tariff strategies, acknowledging short-term market disturbances. Recent stock market declines and negative GDP projections have raised recession fears, though the White House attributes current market turmoil to a transitional phase. Press Secretary Karoline Leavitt described the situation as an economic transition, pointing to positive indicators such as increased manufacturing jobs. Trump maintains confidence in his approach, predicting significant economic growth despite current challenges.
— news from ABC News
