Trump's Economic Team Dismisses Recession Fears, Says 50 Countries Are Seeking Tariff Deals
Trump administration vows to stay the course on tariffs despite market carnage. President Donald Trump's top economic advisers brushed off recession fears Sunday and said dozens of countries are looking to negotiate for better deals, after stocks tumbled last week following the announcement of stiff tariffs against nearly all of America's trading partners.In a media blitz on Sunday morning news shows, Trump administration officials pushed the message that Trump's tariffs are the right way forward, despite the market chaos. Last week, the Dow Jones Industrial Average DJIA, S&P 500 SPX and Nasdaq Composite COMP all saw their biggest weekly percentage drops since March 2020, at the start of the pandemic."They've been bad actors for a long time, and it's not the kind of thing you can negotiate away in days or weeks," he said, claiming decades of "bad behavior" toward the U.S. "You can't just wipe the slate clean.". "If it's a crowbar, and other people eliminate their tariffs, and we elimi