The article discusses the current state of the U.S. economy, highlighting a contraction in the first quarter and the anticipated negative effects of President Trump's ongoing trade war. Economists express fears about a potential recession, while the Trump administration attempts to downplay the situation. Prominent figures like Kamala Harris label Trump's trade initiatives as significant economic crises, and the global effects are evident with Japan adjusting its economic outlook. The piece encapsulates the complexities and political implications of the trade policies in question.
President Trumpâs trade war has economists worried about a further economic retreat, with some blaming the President's predecessors and others expressing disbelief at the administrationâs explanations.
Kamala Harris declared Trumpâs trade plans as the greatest man-made economic crisis in modern presidential history, calling attention to the ramifications for both the U.S. and global economies.
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