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Trump Acknowledges Tariff Risks Amid Economic Contraction
Trump Acknowledges Tariff Risks Amid Economic Contraction
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Former President Donald Trump conceded the political and economic risks of his proposed tariffs during a NewsNation Town Hall, even as he vowed to push forward with the policy. The remarks coincided with a Bureau of Economic Analysis report showing the U.S. economy contracted in early 2024—the first decline since 2022—attributed partly to pre-tariff import surges and reduced federal spending.
"There’s a perception problem," Trump admitted when challenged about the potential fallout. His response blended pragmatic acknowledgment with characteristic defiance: "We have to save the country." The admission comes as analysts warn the strategy could jeopardize Republican congressional control in upcoming elections.
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