Shumita Basu

And yet on Sunday, administration officials remained defiant and waved away forecasting that has shown the tariffs could tilt the U.S. economy into a recession. Treasury Secretary Scott Besant made the case on Meet the Press that there are long-term gains to be made here for the U.S. economy.

And yet on Sunday, administration officials remained defiant and waved away forecasting that has shown the tariffs could tilt the U.S. economy into a recession. Treasury Secretary Scott Besant made the case on Meet the Press that there are long-term gains to be made here for the U.S. economy.

Besant also claimed that over 50 countries have been in contact with the United States since the announcement in order to begin trade negotiations. President Trump on social media said Americans need to, quote, hang tough and wait for the end result. He also recently said that it could take two years for American manufacturing to grow as a result of this policy.

Besant also claimed that over 50 countries have been in contact with the United States since the announcement in order to begin trade negotiations. President Trump on social media said Americans need to, quote, hang tough and wait for the end result. He also recently said that it could take two years for American manufacturing to grow as a result of this policy.

Besant also claimed that over 50 countries have been in contact with the United States since the announcement in order to begin trade negotiations. President Trump on social media said Americans need to, quote, hang tough and wait for the end result. He also recently said that it could take two years for American manufacturing to grow as a result of this policy.

Sean Donnan, a senior writer for economics at Bloomberg News, told us that in the short term, a recession could cause companies to rethink their investment strategies.

Sean Donnan, a senior writer for economics at Bloomberg News, told us that in the short term, a recession could cause companies to rethink their investment strategies.

Sean Donnan, a senior writer for economics at Bloomberg News, told us that in the short term, a recession could cause companies to rethink their investment strategies.

As the White House tries to kind of shock the economy into submission and reshape a global trade order, Donnan said it's going to be key to watch how other countries respond. China has already said that it will impose reciprocal tariffs of 34 percent on all imports from the U.S. beginning this week. The European Union is reportedly preparing a response as well.

As the White House tries to kind of shock the economy into submission and reshape a global trade order, Donnan said it's going to be key to watch how other countries respond. China has already said that it will impose reciprocal tariffs of 34 percent on all imports from the U.S. beginning this week. The European Union is reportedly preparing a response as well.

As the White House tries to kind of shock the economy into submission and reshape a global trade order, Donnan said it's going to be key to watch how other countries respond. China has already said that it will impose reciprocal tariffs of 34 percent on all imports from the U.S. beginning this week. The European Union is reportedly preparing a response as well.

As Donnan points out in his reporting, when the U.S. imposed new tariffs in the 1930s, it sparked a broader trade war that is a historical reason for the concern here.

As Donnan points out in his reporting, when the U.S. imposed new tariffs in the 1930s, it sparked a broader trade war that is a historical reason for the concern here.

As Donnan points out in his reporting, when the U.S. imposed new tariffs in the 1930s, it sparked a broader trade war that is a historical reason for the concern here.

There are some industries like steel and aluminum that have welcomed tariffs. They've watched their cheaper foreign competitors win business in their markets, and they're eager for change. Some Republican leaders are already expressing worries about future retaliatory tariffs the U.S. could face. And some parts of the organized labor sector that have voiced support are doing so with some caveats.

There are some industries like steel and aluminum that have welcomed tariffs. They've watched their cheaper foreign competitors win business in their markets, and they're eager for change. Some Republican leaders are already expressing worries about future retaliatory tariffs the U.S. could face. And some parts of the organized labor sector that have voiced support are doing so with some caveats.

There are some industries like steel and aluminum that have welcomed tariffs. They've watched their cheaper foreign competitors win business in their markets, and they're eager for change. Some Republican leaders are already expressing worries about future retaliatory tariffs the U.S. could face. And some parts of the organized labor sector that have voiced support are doing so with some caveats.

Let's turn now to immigration, where the future is uncertain for hundreds of thousands of Venezuelans living in the United States legally under TPS, short for temporary protected status. TPS is a government designated protection for people who have fled countries that U.S. officials determined are not safe to return to, like Venezuela. And it allows them to work legally in the U.S.

Let's turn now to immigration, where the future is uncertain for hundreds of thousands of Venezuelans living in the United States legally under TPS, short for temporary protected status. TPS is a government designated protection for people who have fled countries that U.S. officials determined are not safe to return to, like Venezuela. And it allows them to work legally in the U.S.

Let's turn now to immigration, where the future is uncertain for hundreds of thousands of Venezuelans living in the United States legally under TPS, short for temporary protected status. TPS is a government designated protection for people who have fled countries that U.S. officials determined are not safe to return to, like Venezuela. And it allows them to work legally in the U.S.