Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
US Commerce Secretary: Even if tariff policy triggers recession, it's still worth it

US Commerce Secretary: Even if tariff policy triggers recession, it's still worth it

Bitget2025/03/12 06:20

According to a report by American media AXIOS, US Secretary of Commerce Lutnick said on Tuesday local time that President Trump's economic policy is the most important measure in American history. In an interview with CBS, when asked whether tariffs would still be valuable even if they led to an economic recession, even a short-term one, Lutnick responded affirmatively: "Yes, I think the tariff policy is worth it, even if it will trigger an economic recession. But the only reason why the U.S. economy could possibly fall into a recession is because of Biden administration's absurd policies." This contrasts with his statement last Sunday when he told NBC News that America would never experience an economic recession.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet
2
Maji Big Brother's ETH and PUMP long positions on Hyperliquid have an unrealized loss of $18.68 million.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,449.88
-1.02%
Ethereum
Ethereum
ETH
$4,056.74
-2.22%
Tether USDt
Tether USDt
USDT
$1
-0.04%
BNB
BNB
BNB
$1,184.72
-0.44%
XRP
XRP
XRP
$2.44
-2.45%
Solana
Solana
SOL
$195.66
-4.88%
USDC
USDC
USDC
$0.9998
-0.03%
TRON
TRON
TRX
$0.3229
+0.67%
Dogecoin
Dogecoin
DOGE
$0.1996
-2.20%
Cardano
Cardano
ADA
$0.6785
-2.89%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter