Comment by chmorgan_

"minimum 10% tariff on all imported goods and materials" certainly sounds like a way to increase costs.

Increasing costs seems generally worse for an economy than decreasing costs.

I feel like most people could follow this logical chain of reasoning to a conclusion of "thus you have a elevated risk for an economic recession compared to the state of affairs before the tariffs."

I haven't announced I would post here therefore this post you are reading does not exist.

“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump said in a social media post. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”

https://apnews.com/article/trump-tariffs-canada-mexico-china...

Or as Lord Farquaad put it: "Some of you may die, but it's a sacrifice I'm willing to make."

https://www.marketwatch.com/story/kaboom-elon-musk-predicts-...

From five days before the election...

https://www.vox.com/politics/381637/elon-musk-donald-trump-2...

“If Trump succeeds in forcing through mass deportations, combined with Elon hacking away at the government, firing people and reducing the deficit - there will be an initial severe overreaction in the economy…Market will tumble. But when the storm passes and everyone realizes we are on sounder footing, there will be a rapid recovery to a healthier, sustainable economy.”

Musk replied, “Sounds about right.”

They have been told many times and have stated that they accept that as a consequence.

Does he need to say the word recession? How direct does he need to be?

https://time.com/7266187/trump-recession-tariffs-us-economy-...

There's a theory going around that the administration wants to crash the market so they can buy everything up for cheap, in a similar way to what happened in Russia after the fall of the Soviet Union.

At the same time though it seems like the current president has always been pro tariffs even though they are almost always bad for a economy, the reason why the admin is applying a lot more of them is because almost everyone left in the admin's circle is a yes men.