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Is Donald Trump tanking the US economy? | LBC Analysis

Donald Trump has refused to rule out the possibility of a recession or higher inflation this year, as his volatile trade tariffs policy sends shockwaves through the US stock market. The US president said his country is going through a ‘period of transition’ and that his economic police will ‘take a little time’. The comments caused the US stock market to take a sharp plunge, with Wall Street’s main indexes the Dow Jones, the S&P 500, and Nasdaq all dropping into the red. Just last week, the S&P 500 registered its worst week since September, sliding downwards by 3.1%, as a result of Trump’s volatile trade tariffs policy. Trump has now refused to rule out the possibility of the US economy sliding into a recession and rising inflation as a result of his tariff flip-flopping. Economist Mohamed El-Erian explains whether Trump is sabotaging the US economy, and how likely a potential recession is, to James O'Brien. Listen to the full show on Global Player: https://app.af.globalplayer.com/Br0x/LBCYouTubeListenLive #jamesobrien #donaldtrump #trump #economy #usa #uspolitics #tariffs #trumptariffs #recession #dowjones #wallstreet #nasdaq #snp500 #stockmarket #stockexchange #LBC LBC is the home of live debate around news and current affairs in the UK. Join in the conversation and listen at https://www.lbc.co.uk/ Sign up to LBC’s weekly newsletter here: https://l-bc.co/signup

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