Bessent strikes defiant tariff tone as he rejects US recession

Quick Summary:

Bessent gave no indication that President Donald Trump was willing to back down on the sweeping new tariffs he introduced last week.

Economists at JPMorgan on Friday said they now expect the US to slip into a recession this year.

The main target of his ire is a US trade deficit in goods that topped $1 trillion last year.

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Article Details

Author / Journalist: Shawn Donnan, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Recession Tariffs and trade Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 14:19:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 96 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27622518

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 58 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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