Part 3/13:
This shift comes amid concerns from economists about the possible repercussions of such confrontational trade policies, which have already rattled markets and increased fears of a recession. The recent imposition of a 25% tariff on steel and aluminum further destabilized markets earlier this month, erasing gains made in the post-election period and prompting warnings from institutions like JP Morgan regarding economic growth prospects. Despite these risks, President Trump maintains that tariffs could eventually bolster U.S. manufacturing and boost government coffers, although his softer tone lately suggests some internal acknowledgment of potential economic fallout.