Kevin Hassett, Director of the National Economic Council, said that an economic recession "will definitely not" happen after President Donald Trump imposed high tariffs on imports from many countries. Hassett told Fox Business News in an interview that "more than 10" countries have proposed "very good and amazing" trade agreements to the United States.
Hasset also said that the possibility of the U.S. falling into an economic recession in 2025 is non-existent, "definitely will not".
A survey released by an industry organization on Monday found that 62% of U.S. chief executives currently expect an economic recession or other economic downturn in the next six months. The day before, Ray Dalio, founder of Bridgewater Associates, said in a "Meet the Press" program on NBC News that he was concerned about the turmoil caused by Trump's tariffs and economic policies, which could lead to "something worse than a recession".
Original Source: https://www.toutiao.com/article/1829419503366153/
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