Maria Aspin

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

Thank you.

Thank you.

Thank you.

President Trump has long courted Wall Street's approval. During his first term, he regularly boasted about the stock market's performance, and he ran for the second presidency by promising investors many business-friendly policies. But now, Trump appears to be prioritizing the leverage power of tariffs above all else, including the stock market and the pain that a trade war would cause the U.S.

President Trump has long courted Wall Street's approval. During his first term, he regularly boasted about the stock market's performance, and he ran for the second presidency by promising investors many business-friendly policies. But now, Trump appears to be prioritizing the leverage power of tariffs above all else, including the stock market and the pain that a trade war would cause the U.S.

economy. He spooked investors over the weekend by declining to rule out a recession this year. The White House shrugged off the stock market's reaction, saying that the country is in, quote, a period of economic transition. Maria Aspin, NPR News, New York.

economy. He spooked investors over the weekend by declining to rule out a recession this year. The White House shrugged off the stock market's reaction, saying that the country is in, quote, a period of economic transition. Maria Aspin, NPR News, New York.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

But the fact that Trump actually let the tariffs go into effect was a big deal and showed they might be more than just a negotiating tactic. And he's continuing to talk about them happening long term, despite all the warnings about how much they could hurt the U.S. economy. This all really hit home on Sunday.

But the fact that Trump actually let the tariffs go into effect was a big deal and showed they might be more than just a negotiating tactic. And he's continuing to talk about them happening long term, despite all the warnings about how much they could hurt the U.S. economy. This all really hit home on Sunday.

But the fact that Trump actually let the tariffs go into effect was a big deal and showed they might be more than just a negotiating tactic. And he's continuing to talk about them happening long term, despite all the warnings about how much they could hurt the U.S. economy. This all really hit home on Sunday.

Fox News anchor Maria Bartiromo aired an interview with Trump, and this was the bit that got everyone worried. Are you expecting a recession this year?

Fox News anchor Maria Bartiromo aired an interview with Trump, and this was the bit that got everyone worried. Are you expecting a recession this year?

Fox News anchor Maria Bartiromo aired an interview with Trump, and this was the bit that got everyone worried. Are you expecting a recession this year?

So Trump didn't rule out the possibility of a recession. Now, it's important to note that his Commerce Secretary, Howard Lutnick, did. He told NBC News in a different interview that there is, quote, no chance of a recession. But yesterday, Wall Street seemed to be listening to Trump, not Lutnick.