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U.S. Commerce Secretary: Even if tariffs trigger a recession, they are worth it

2025-03-12 05:38

Odaily News According to Axios, U.S. Commerce Secretary Lutnick said on Tuesday that President Trump's economic policies are the most important measures the United States has ever taken. In an interview with CBS, the reporter asked him: If the tariffs lead to a recession, even if it is only a short-term recession, are they still worth it? Lutnick gave an affirmative answer: "Yes, I think the tariffs are worth it, even if they will cause a recession. But the only reason the U.S. economy is likely to fall into a recession is because of the ridiculous policies of the Biden administration." This is in contrast to his statement last Sunday, when Lutnick said in an interview with NBC News last Sunday that the United States would never have a recession.