Donald Trump has declined to rule out either a recession or higher inflation while dismissing the concerns of business over a lack of clarity on tariffs, after a tumultuous week in which he watered down elements of his aggressive trade agenda.
The president insisted industry had “plenty of clarity” and lashed out at “soundbite[s]” from companies expressing confusion over his plans.
“They always say that — that’s like almost a soundbite — they always say that: ‘we want clarity’,” Trump said in an interview aired on Fox News on Sunday.
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