Name: Trump Tariffs May Have Precipitated, Not Caused, Long-Overdue Market Correction: Analyst
Uploaded: 2025-03-12T03:39:48.000Z
Description: Wall Street kicked off the new trading week yesterday with turbulence after President Donald Trump refused to rule out a tariff-driven recession. All three major stock market indexes had record poor days, with the blue-chip Dow Jones Industrial Average ending March 10 down by 890 points, or 2.08 percent.

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Wall Street kicked off the new trading week yesterday with turbulence after President Donald Trump refused to rule out a tariff-driven recession. All three major stock market indexes had record poor days, with the blue-chip Dow Jones Industrial Average ending March 10 down by 890 points, or 2.08 percent.

When asked if tariffs would create a recession on Fox News’s “Sunday Morning Futures With Maria Bartiromo,” Trump said, “I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of ... it takes a little time. It takes a little time.”

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