Trump’s Controversial Tariff Plan: Will It Drive the U.S. Economy Into Recession?

According to a report from CNBC on April 10th, U.S. President Donald Trump is navigating a complex economic environment as he implements his controversial tariff plan. While sources indicate that Trump privately recognizes the extensive implications of his broad tariffs, he expresses a desire to avert a recession. His administration is aware that such measures could escalate economic challenges by leading to higher unemployment and extended periods of economic stagnation. Historically, the United States has sidestepped severe recessions due to proactive monetary and fiscal policies, alongside institutions like the Federal Deposit Insurance Corporation (FDIC), which safeguards depositors. The last major economic downturn, the Great Depression, saw unemployment peak at 25%, underscoring the critical balance policymakers must maintain in order to sustain economic growth without precipitating a downturn.