Trump touts “economic revolution” as economists warn of recession

President Trump defended his tariff policies on Saturday, calling them an “economic revolution” and urging businesses to “hang tough” despite market turmoil.

He posted on social media, saying, “THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic.”

Trump also reassured businesses, claiming they were “not worried about the tariffs” due to the sweeping budget and tax bill being negotiated.

Pro-tariff economists argue that the tariffs are a necessary step to address trade imbalances and strengthen U.S. industry.

They believe the long-term benefits, including a fairer global trading system, outweigh short-term economic pain.

However, economists warn that a recession, possibly with stagflation, is likely as Trump’s tariffs disrupt the global economy.

The U.S. stock market lost over $6 trillion in two days amid concerns about the tariffs’ impact on production costs.

Though full tariffs won’t start until April 9, their effects are already being felt, with some companies suspending shipments and grocery prices potentially rising soon, Axios has reported.

Economists caution that if the tariffs last, they could trigger a global recession.

read more: https://www.axios.com/2025/04/05/trump-tariffs-stock-market-recession

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