BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Trump Admits Tariffs May Cause Recession but Aims to Prevent Depression​: Is This a Good or Bad Sign?

by Sham
April 10, 2025
in Finance, Opinion, Politics
A A
Trump Admits Tariffs May Cause Recession but Aims to Prevent Depression​: Is This a Good or Bad Sign?
5
SHARES
Share on TwitterShare on Reddit
  • Trump reportedly feared his tariff plan could spark a depression, prompting a partial rollback to avoid economic collapse.
  • Bond market turmoil and rising yields added pressure, pushing Trump to ease tariffs faster than planned.
  • Treasury Secretary Scott Bessent and mounting global trade talks influenced Trump’s decision to shift course.

President Donald Trump, despite pushing a hardline tariff policy, was reportedly worried it might crash the U.S. economy — not just into a recession, but something worse. According to a Wednesday report from The Wall Street Journal, Trump privately told folks close to him that he didn’t want to trigger a full-blown depression.

JUST IN: 🇺🇸 US recession odds jump to 60% as President Trump raises China tariffs to 145%, per Polymarket pic.twitter.com/70Jf7y4LG9

— BlockNews (@blocknewsdotcom) April 10, 2025

That said, he was prepared for some “pain” to come from the policy. One person who spoke with him earlier this week told the Journal the president accepted that hardship would be part of the process. But not to the extent of a 1930s-style collapse.

Economists define a depression as a particularly nasty downturn — prolonged, deep, and usually paired with soaring unemployment. Thanks to modern monetary tools and policies (plus the safety net stuff like FDIC insurance), the U.S. hasn’t gone through one since the Great Depression. And while Trump’s tariff spree had some experts forecasting a recession, no one was really saying we’d hit depression levels… not yet, anyway.

Markets Panic, Then Rebound on Reversal

In the days leading up to Trump’s partial reversal, things got messy. Bond yields spiked, stocks nosedived. On Tuesday night, the 10-year Treasury yield blew past 4.5%, sparking rumors that a major holder — maybe China or Japan — was offloading U.S. bonds. Prices dropped, yields surged (yep, that’s how that works), and the alarm bells rang.

By Wednesday, Trump hit pause. His rollback of some country-specific tariffs breathed life back into the markets. The S&P 500 had its best day since 2008. Wild.

Kevin Hassett, who heads up the National Economic Council, told CNBC the bond market chaos was a big factor. “It made it… more urgent,” he said on Squawk Box. “But it was going to happen either way.”

Sp 500 Price Chart

“A Little Yippy”

Trump himself addressed the panic after the fact, suggesting people had overreacted. “They were getting a little yippy, a little bit afraid,” he said. Investors were spooked, but maybe too spooked for his liking.

According to sources cited by the Journal, a few things nudged Trump toward backing off: a growing list of countries willing to talk trade and the increased influence of Treasury Secretary Scott Bessent in shaping strategy.

The White House didn’t comment on the report, but at this point, it’s clear — Trump’s tariff crusade may have hit a wall. Whether it’s a tactical pause or a full pivot remains to be seen.

Tags: DepressionDonald TrumpS&P 500tariffThe Wall Street Journal
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)
Crypto

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch
Cardano

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Solana (SOL) Pumps 17% as Institutional Inflows Surge
Crypto

Solana (SOL) Pumps 17% as Institutional Inflows Surge

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.