Commerce Secretary: Even if tariffs cause recession, they are still worth for money
2025-03-12 05:41:11
According to the US media AXIOS, US Commerce Secretary Lutnik said on Tuesday local time that President Trump's economic policy is the most important move in the history of the United States. In an interview with CBS, the reporter threw a question to him: If the tariff policy leads to a recession, even if it is only a short-term recession, are they still valuable? Lutnik gave an affirmative answer: "Yes, I think the tariff policy has value for money, even if it will cause a recession. But the only reason why the US economy is likely to enter a recession is because of the ridiculous policies of the Biden administration." This is in contrast to his statement last Sunday, when Lutnik told NBC News that there will never be a recession in the United States. (Jin Ten)
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