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TechFlow, April 10 — According to CNBC citing The Wall Street Journal, U.S. President Trump privately acknowledged that his sweeping and high tariff plan announced last week could lead to a recession, but he is more focused on avoiding a depression. Kevin Hassett, Director of the National Economic Council, said the bond market selloff prompted Trump to adjust his trade policy.
According to CNBC citing The Wall Street Journal, former U.S. President Trump privately acknowledged that his comprehensive and high tariff plan announced last week could lead to a recession, but he is more focused on avoiding a depression. Kevin Hassett, director of the National Economic Council, said the bond market sell-off prompted Trump to adjust his trade policy.
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