VP Vance Warns Recession Possible Amid Market Concerns

Vice President JD Vance has expressed caution about the possibility of a recession, stating, 'you never can predict the future,' while asserting that the fundamentals of the U.S. economy are strong. In an interview with Fox News, he defended President Trump's tariff policies, claiming they would encourage American manufacturing and investment. Vance criticized the European Union for imposing unfair tariffs on American goods, asserting that the administration is committed to revitalizing American supply chains. Despite some positive economic indicators, analysts are raising concerns, with a JP Morgan study increasing the likelihood of a recession from 30% to 40%. Vance's vague assurances about the economy, coupled with Trump's previous remarks, may further unsettle investors amid ongoing market volatility. The administration's focus on tariffs is seen as a double-edged sword that could hamper long-term growth despite its intended benefits.