Trump's new tariffs 'put US growth at stall speed'

00:00 Speaker A

Sensible minds person tried to debar lighting their hairsbreadth connected occurrence arsenic they've been getting dribs and drabs of uh, tariff, uh, output from Trump and tariff, caller tariff ideas. Uh, and until now, the main enactment forecasts person been, no, Trump tariffs volition not origin a recession connected their own. Are you rethinking that?

00:25 Speaker B

It's, you know, it it's it's truly hard due to the fact that connected a connected a, you know, connected on the look of it, you would accidental this would astir apt enactment US growth, uh, astatine stall speed, and and perchance worse than that. So, yeah, possibly not not needfully outright recession, but, you know, adjacent to adjacent to stall velocity wherever you're much vulnerable. Again, I constituent backmost to what is the taxation measure going to look like? And however overmuch does that offset immoderate of this? And bash we besides person country present for negotiations with different countries that tin bring these bring these down? So, you know, it's pugnacious to benignant of exemplary out. If you instrumentality if someway you instrumentality your apical 5 trading partners and say, okay, we tin negociate these rates down, you know, chopped them successful half, past it's a full antithetic shot game. And that that could alteration astatine immoderate minute. So, um, you know, I wouldn't accidental it's it's it's outright recessionary. I would accidental that it surely increases the hazard of recession. Uh, and you know, if you if you bash the math, volition astir apt bring you bring growth, you know, 1% oregon below, um adjacent stall speed.