{"id":1052278,"date":"2025-03-31T14:03:31","date_gmt":"2025-03-31T18:03:31","guid":{"rendered":"https:\/\/democrats.org\/?p=1052278"},"modified":"2025-03-31T14:03:32","modified_gmt":"2025-03-31T18:03:32","slug":"economists-and-consumers-brace-for-a-serious-trump-recession","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/economists-and-consumers-brace-for-a-serious-trump-recession\/","title":{"rendered":"Economists and Consumers Brace for \u201cA Serious Trump Recession\u201d"},"content":{"rendered":"\n
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Donald Trump promised voters an economic boom on Day One, but instead, economists are sounding the alarm on a looming recession<\/a> and Americans are fed up<\/a> with Trump\u2019s disastrous handling of the economy. As consumers \u201ccall for a lifeline,\u201d<\/a> Trump\u2019s economy is projected to see \u201cthe weakest growth\u201d<\/a> since the pandemic \u2014 and even Republicans<\/a> are growing concerned about inflation and unemployment thanks to Trump\u2019s $100 billion national tax. <\/a><\/p>\n\n\n\n

Here\u2019s a look at Americans\u2019 widespread disapproval of Trump\u2019s reckless economic agenda:<\/em><\/p>\n\n\n\n

Politico<\/a>: \u201cRepublicans scramble to shield their states from Trump\u2019s next wave of tariffs\u201d<\/strong><\/p>\n\n\n\n

\u201cSwaths of Republicans on Capitol Hill are scrambling to shield their states from Donald Trump\u2019s next wave of tariffs, a sign of the private alarm in the president\u2019s party about the impacts of his trade agenda. \u2026 <\/p>\n\n\n\n

\u201cTrump\u2019s own Agriculture Department inquired about securing exemptions for critical agricultural inputs<\/strong> before the White House rolled out 25 percent tariffs on Canada and Mexico earlier this month, according to two people with direct knowledge of the matter who were not authorized to discuss it publicly. \u2026<\/p>\n\n\n\n

\u201cBeyond Canada and Mexico, Nebraska Republican Rep. Don Bacon said he\u2019s heard from meat processors and popcorn producers in his state who have lost market access in Europe in the last week amid Trump\u2019s trade tumult.\u201d<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cPolicy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.<\/strong><\/p>\n\n\n\n

\u201cThe Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cRecession odds are rising as Trump\u2019s trade war escalates, Goldman Sachs says\u201d<\/strong><\/p>\n\n\n\n

\u201cThe US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment,<\/strong> according to Goldman Sachs.<\/p>\n\n\n\n

\u201cThe Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months, up from 20% previously. \u2026 <\/p>\n\n\n\n

\u201c\u2018Higher tariffs are likely to boost consumer crisis,\u2019<\/strong> Goldman Sachs economists wrote, noting that higher prices will eat into inflation-adjusted income.\u201d<\/p>\n\n\n\n

NBC News<\/a>: \u201cConsumers call for a lifeline as Trump’s tariff \u2018Liberation Day\u2019 nears\u201d<\/strong><\/p>\n\n\n\n

\u201cConsumers\u2019 economic pessimism is worsening as inflation stays hot and a series of new reports flash alarms days before the White House expands its trade war. \u2026<\/strong><\/p>\n\n\n\n

\u201cThe financial firm ING called the new numbers \u2018ugly\u2019 and flagged ongoing stagflation risks, saying \u2018we are moving in the wrong direction\u2019 as Trump\u2019s trade war and spending cuts threaten to worsen things. \u2026<\/strong><\/p>\n\n\n\n

\u201cEconomic sentiment slid 12% this month in the University of Michigan\u2019s latest survey, also released Friday, and expectations for the future plunged 18%. The researchers described \u2018a clear consensus\u2019 in which \u2018Republicans joined independents and Democrats in expressing worsening expectations since February for their personal finances, business conditions, unemployment, and inflation.\u2019\u201d<\/strong><\/p>\n\n\n\n

Financial Times<\/a>: \u201c[M]uch of America is looking at April 2 \u2014 when Trump will set high new tariff rates on imports from a wide range of allies and adversaries \u2014 with trepidation. \u2026<\/p>\n\n\n\n

\u201cThey have been preceded by a sell-off in US equity markets, a drop in consumer confidence, and alarm bells from pollsters over the president\u2019s handling of the economy.<\/strong><\/p>\n\n\n\n

\u201c\u2018I think there\u2019s an enormous amount of anxiety,\u2019<\/strong> said Douglas Holtz-Eakin, a former White House official under George W Bush and founder of the American Action Forum, a right-leaning economic think-tank in Washington. He said the White House was running \u2018a real risk of recession\u2019\u201d<\/strong><\/p>\n\n\n\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump promised voters an economic boom on Day One, but instead, economists are sounding the alarm on a looming recession and Americans are fed up with Trump\u2019s disastrous handling of the economy. As consumers \u201ccall for a lifeline,\u201d Trump\u2019s economy is projected to see \u201cthe weakest growth\u201d since the pandemic \u2014 and even Republicans […]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052278","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nEconomists and Consumers Brace for \u201cA Serious Trump Recession\u201d - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/economists-and-consumers-brace-for-a-serious-trump-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-31T18:03:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-31T18:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/economists-and-consumers-brace-for-a-serious-trump-recession\/\",\"url\":\"https:\/\/democrats.org\/news\/economists-and-consumers-brace-for-a-serious-trump-recession\/\",\"name\":\"Economists and Consumers Brace for \u201cA Serious Trump Recession\u201d - 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