As a result of the policies and programs being adopted by President Donald Trump, an atmosphere of uncertainty is being created across the United States, due to which the stock market is continuously falling. Investors have been torn between the possibilities of a recession due to the ongoing conflict over tariff rates with Canada, Mexico, China, the European Union and India. President Trump has also not ruled out the possibility of a recession. During an interview with Fox News, Trump refused to make any predictions about the possibility of a recession. He said, “I don’t like to make any such predictions. This is a period of change because what we are doing is a very big thing.” According to economic experts, unstable conditions may arise for the economy because the new Trump administration is cutting government spending. These spending are being reduced at a time when investors are worried about unstable trade policies with countries including Mexico, Canada and China. As a result of these policies, consumer demand will decrease and corporate investment will be adversely affected. Treasury Secretary Scott Besant also expressed similar concerns during an interview on CNBC. He said that this is a risky time for the economy. According to Andrew Harker, an economist at S&P Global Market Intelligence, “Amid the uncertainty surrounding geopolitical and international trade, companies around the world are taking a ‘wait and see’ approach. They are currently putting hiring and investment plans on hold.
