CNBC: Trump admits he may push the U.S. economy to recession, but does not want to trigger depression

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数字货币大师

04-10 22:10

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On April 10, US President Donald Trump hopes to avoid pushing the economy into a depression through his controversial tariff plan, CNBC reported.

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

Trump also told advisers he is willing to accept the "pain" caused by the policy

Economists believe that depression occurs when recessions become more severe, accompanied by higher unemployment rates and longer economic downturns. Since the Great Depression of the 1930s, the United States has avoided the depression through progress in monetary and fiscal policy, as well as projects such as the Federal Deposit Insurance Corporation (FDIC) deposit insurance. At that time, the unemployment rate had reached 25%.

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