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U.S. Commerce Secretary: Even if tariffs trigger a recession, they are worth it

U.S. Commerce Secretary: Even if tariffs trigger a recession, they are worth it

Cointime2025/03/12 06:55
By: Cointime

according to the US media AXIOS, US Commerce Secretary Lutnick said on Tuesday local time that President Trump's economic policy is the most important move in US history. In an interview with CBS, the reporter asked him a question: if the tariff policy leads to an economic recession, even if it is only a short-term recession, is it still valuable? Lutnick gave a positive answer: "Yes, I think the tariff policy is worth it, even if it will cause an economic recession. But the only reason the US economy may fall into recession is because of the ridiculous policies of the Biden administration." This contrasts with his statement last Sunday, when Lutnick said in an interview with NBC News that the US will 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.
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