TheTrueStory
Telegram
AppAbout@ The True Story 2025

Trump’s Big Bet: Americans Will Tolerate Economic Downturn to Restore Manufacturing

Quotes

    • 88:88
      William Galston
      If Trump is serious on what he is saying about sticking with these tariffs, he is betting his presidency on their success, and on the patience of the American people, at a moment when the people do not appear in a patient mood,
      The New York Times
      said William Galston, a scholar at the Brookings Institution
    • 88:88
      You can do this once or twice and bring people to the table, ... but at some point the countries say we are going to retaliate,”
      The New York Times
      he said ... as Canada and the European Union now have
    • 88:88
      Michael Froman
      When the president thinks about tariffs, he is usually thinking about three things: leverage, revenue and re-industrialization,
      The New York Times
      Mr. Froman said on Wednesday
    • 88:88
      To the extent that another country’s practices harm our own economy and people, the United States will respond,
      The New York Times
      Mr. Bessent said last week in a speech to the Economic Club of New York
    • 88:88
      JD Vance
      President Trump’s economic policies are simple,
      The New York Times
      Vice President JD Vance wrote on social media on Monday
    • 88:88
      Your CHIPS act is a horrible, horrible thing,
      The New York Times
      he told lawmakers
    • 88:88
      The objectives themselves, I think most of them have merit, but the way they're being implemented is very disorderly,
      The Manila Times
      Gruenwald told AFP in an interview on the sidelines of the CERA Week energy conference
    • 88:88
      If this leads firms and consumers to hold back on their spending and demand pulls back, we could get a slowdown or even a recession that was largely avoidable,
      The Manila Times
      Gruenwald said
    • 88:88
      I think some so much of this anxiety that we have in this country is all about the fear of retirement,
      CNN
      he said
    • 88:88
      Could we have one quarter or two quarter of a flattening of our economy as we try to reset the economy? Absolutely,
      CNN
      Fink said
    • 88:88
      The decision was purely economic, and we believe this is going to be great long term investment,
      CNN
      Fink said
    • 88:88
      The collective impact in the short run is that people are pausing, they’re pulling back,
      CNN
      Fink told CNN’s Kayla Tausche in an exclusive interview
    • 88:88
      Right now the president is focusing on tariffs, but when he talks about reciprocal tariffs, actually, that may bring down tariffs over the long run,
      CNN
      Fink said
    • 88:88
      There’s nothing wrong with a market pullback,
      CNN
      Fink said
    • 88:88
      We’re taking it back.”
      CNN
      Some of the canal operations being controlled by a Chinese firm had long angered Trump, and it was a topic he mentioned in his inaugural address in January, in which he said
    • 88:88
      All of these things have that ripple effect, and we will see over a long cycle whether this ripple effect gets worse or does it stabilize,
      CNN
      he said
    • 88:88
      In the first Trump administration, there was this widespread belief that downturns in the stock market that came from federal policies would encourage President Trump to reconsider those policies. That's a change we're seeing because even with the recent downturn in markets, President Trump has continued on his pace of adding new tariffs, defending the tariffs, layering them one on top of each other."
      Newsweek
      Ryan Monarch, a professor of economics at Syracuse University, previously toldNewsweek
    • 88:88
      Chris Larkin
      There are always multiple forces at work in the market, but right now, almost all of them are taking a back seat to tariffs."
      Newsweek
      Chris Larkin, managing director of trading and investing at E*Trade, told the Associated Press
    • 88:88
      As U.S. assistance fades, countries like Germany have already announced significant boosts in defense budgets. The shift toward nationalism in the U.S. has also pushed other nations to ramp up their spending, no longer viewing the U.S. as a reliable partner,
      Newsweek
      he added
    • 88:88
      For investors, the key is staying diversified and not making moves based on perception. Sometimes, there's nothing wrong with sitting in money markets or 4 percent-plus-yielding treasuries while the dust settles,
      Newsweek
      he said