The Wall Street Journal: U.S. President Trump acknowledges that tariff policies may lead to an economic recession, but states that avoiding an economic downturn is the top priority

ChainCatcher news, according to CNBC citing The Wall Street Journal, U.S. President Trump privately acknowledged that his comprehensive and high tariff plan announced last week could lead to an economic recession, but he is more focused on avoiding an economic depression.

U.S. National Economic Council Director Kevin Hassett stated that the collapse of the bond market prompted Trump to adjust trade policies.