Trump Acknowledges Economic Turbulence Amid Tariff Talks

President Trump acknowledged the current economic turbulence, marking a shift from his previous optimism about his policies, while downplaying recent stock market declines. Commerce Secretary Howard Lutnick dismissed recession fears, asserting that global tariffs will decrease and economic growth will surge under Trump's leadership. The administration's tariffs, justified by issues like fentanyl smuggling and immigration, have impacted markets and led to temporary exemptions for Canada and Mexico. Lutnick emphasized the importance of reciprocal tariffs, claiming they will ultimately lower prices for American goods. Despite market volatility, the administration remains focused on long-term economic strategies and securing the US economy.