Trump administration officials shifted tone this week to acknowledge that markets and consumers might suffer losses as the economy adjusts to the rollout of the White House economic agenda.
President Donald Trump told the nation during his joint address to Congress on Tuesday that his aggressive tariff policies would cause “a little disturbance” a day after stocks fell. Likewise, other officials, such as Treasury Secretary Scott Bessent, have said there may be temporary fallout in markets from the administration’s agenda.
This week has been perhaps the most challenging week for the Trump administration since entering office. Investors watched the stock and bond markets closely as new tariffs against Mexico, Canada, and China went into effect and forecasted economic growth shrank and even turned negative.
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