Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

On April 10, according to CNBC, U.S. President Donald Trump hopes to avoid pushing the economy into a recession through his controversial tariff plan.



Trump said privately that he was aware that the broad and draconian tariff plan released last week could push the U.S. economy into a recession, but that he did not want to trigger a depression, according to people familiar with the matter.

Trump also told his advisers that he is willing to accept the "pain" caused by the policies.

Economists believe that a depression occurs when a recession becomes more severe, accompanied by higher unemployment rates and longer periods of economic stagnation. Since the Great Depression of the 1930s, the United States has avoided the occurrence of a depression through advancements in monetary and fiscal policy, as well as programs like the Federal Deposit Insurance Corporation (FDIC) deposit insurance. At that time, the unemployment rate reached 25%.
TRUMP-2.89%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)