Trump Faces Criticism Over Tariffs and Recession Concerns

President Trump defends new tariffs and avoids ruling out a possible recession, as markets react and lawmakers debate the economic impact.

President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, with additional tariffs on China, citing efforts to combat economic exploitation and fentanyl trafficking.
Trump has not ruled out the possibility of a recession in 2025, describing the current economic situation as a 'period of transition' aimed at building a stronger foundation.
Major U.S. stock indexes, including the Dow, S&P 500, and Nasdaq, fell sharply following the tariffs and market uncertainty, with tech stocks like Tesla and Nvidia hit particularly hard.
Critics, including Democratic lawmakers, have labeled the economic downturn as the 'Trump slump,' pointing to tariff-related inflation and federal job cuts as contributing factors.
Supporters of Trump argue that the tariffs are necessary to restore economic fairness and blame prior policies under the Biden administration for existing inflationary pressures.