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Is Donald Trump tanking the US economy? | LBC analysis
Posted
March 11, 2025
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253,399
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March 11, 2025
253,399
4,087
1,182
2.08%
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7:15Now PlayingDonald Trump has refused to rule out the possibility of a recession or higher inflation this year, as his volatile trade tariffs policy sends shockwaves through the US stock market.
The US president said his country is going through a ‘period of transition’ and that his economic police will ‘take a little time’.
The comments caused the US stock market to take a sharp plunge, with Wall Street’s main indexes the Dow Jones, the S&P 500, and Nasdaq all dropping into the red.
Just last week, the S&P 500 registered its worst week since September, sliding downwards by 3.1%, as a result of Trump’s volatile trade tariffs policy.
Trump has now refused to rule out the possibility of the US economy sliding into a recession and rising inflation as a result of his tariff flip-flopping.
Economist Mohamed El-Erian explains whether Trump is sabotaging the US economy, and how likely a potential recession is, to James O'Brien.
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#jamesobrien #donaldtrump #trump #economy #usa #uspolitics #tariffs #trumptariffs #recession #dowjones #wallstreet #nasdaq #snp500 #stockmarket #stockexchange #LBC
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