Trump does not rule out a recession, “the more customs duties last, the more the risk rises”

Asked about the risks of recession in the United States following the application of new customs tariffs, Donald Trump did not provide a final response. For their part, the economy of the big American banks warn of a risk of prices increase in 2026.

Back up safeguarded receiving trade warnings Donald Trump remained very vague when a journalist from Fox News asked him during an interview broadcast on Sunday if he expected a recession in the United States. “I hate predicting things like that,” said the American president. “There is a transition period,” said the Republican billionaire, who has been leading his business partners in the wand since his return to the White House, starting with its Canadian and Mexican neighbors. He imposed customs duties of 25% this week before returning to most of them and postponing a month, in early April, their supposed application. Pressing on Sunday evening by journalists, aboard the Air Force One presidential plane, to clarify his remarks on the possibility of a recession, Donald Trump remained just as vague by simply answering: “Who knows?”. With his return to power, several experts fear a recession in the United States, a decrease in gross domestic product (GDP) on at least two consecutive quarters. In a few weeks, Donald Trump raised taxes on imports to the United States, before going back on most products and origins. Read also: Trump in trade war: in France, which companies have the most to lose? Does the financial markets in the vagueness intend to give more clarity to companies on its future decisions in terms of customs duties? “You will have a lot,” he promised on Fox News, before continuing, Sibyllin: “We could increase certain customs duties. It depends. (…) I don’t think we will drop them, but we could increase them. ” This waltz makes the financial markets nervous and companies no longer know on what foot to dance. Economists from the major American banks have warned on Friday that “the more customs duties remain in place, the more the risk of recession increases”. The members of the American Bankers Association (ABA) are also worried about the impact of Donald Trump’s economic policy on consumers who, because of customs duties, would suffer from an increase in prices. But if we base ourselves “on a scenario in which new customs duties will not remain in force all year 2025”, the risk of recession is low, according to these experts. Receive our latest news every day, selecting the main news of the day. (Tagstotranslate) Trade war

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