Trump acknowledged he could cause a recession, but just didn't want a depression, according to WSJ
Publishing timestamp: 2025-04-10 13:40:48
Summary
President Trump was aware that his tariffs could lead to a recession, but he wanted to avoid a depression. The bond market decline contributed to his decision to walk back his trade policy. The reversal led to a sharp comeback in the stock market, with the S&P 500 registering its best day since 2008. Trump changed his policy after receiving commitments from trading partners. Treasury Secretary Scott Bessent played a role in advising on trade policy.
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Keywords: stock markets, investment strategy, donald trump, breaking news: politics, breaking news: investing, economy, markets, donald j. trump, s&p 500 index, politics, business news, breaking news: markets, bonds, united states, breaking news: economy,