The S&P 500 posted its fourth straight week of losses on Friday.
Timothy A. Clary/AFP via Getty Images
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Timothy A. Clary/AFP via Getty Images
The S&P 500 posted its fourth straight week of losses on Friday.
Timothy A. Clary/AFP via Getty Images
“A little disturbance,” “a period of transition,” “a detox period.” These are all phrases that President Trump and his administration have used to describe the economy, as the stock market has plunged in response to one tariff announcement after another.
Trump is adamant that his tariffs will ultimately bring revenue, jobs and factories to the U.S.
But economist Matt Slaughter, dean of the Tuck School of Business at Dartmouth College, is skeptical. He thinks Trump’s strategy is a recipe for long-term economic pain, and that a recession is getting more likely by the day.
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This episode was produced by Michael Levitt and edited by Connor Donevan and Nadia Lancy. Our executive producer is Sami Yenigun.
