Part 6/9:
However, the conversation around tariffs is not without apprehensions. Concerns loom that the introduction of new tariffs could disrupt supply chains and lead to downward pressures on the stock market. Lutnick acknowledged these possibilities but insisted that the long-term benefits of revitalized manufacturing would outweigh the short-term economic fluctuations. He projected that a thriving economy could emerge by the fourth quarter of 2025 due to these policies.
As fears of a recession surface, especially after the Atlanta Federal Reserve's prediction of a 2.4% GDP contraction for the first quarter, Lutnick dismissed these claims as "ridiculous." He asserted that the U.S. economy remains resilient and capable of overcoming the mess inherited from prior administrations.