{"id":129428,"date":"2025-03-10T13:10:49","date_gmt":"2025-03-10T13:10:49","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-refuses-to-rule-out-recession-as-chaotic-trade-war-escalates-live-the-independent\/"},"modified":"2025-03-10T13:10:49","modified_gmt":"2025-03-10T13:10:49","slug":"trump-refuses-to-rule-out-recession-as-chaotic-trade-war-escalates-live-the-independent","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-refuses-to-rule-out-recession-as-chaotic-trade-war-escalates-live-the-independent\/","title":{"rendered":"Trump refuses to rule out recession as chaotic trade war escalates: Live – The Independent"},"content":{"rendered":"

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President\u2019s remarks follow turbulent week as markets rattled by series of chaotic tariff announcements and immediate walkbacks
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
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Donald Trump<\/a> said over the weekend that he could not rule out the possibility of a recession<\/a> being triggered by uncertainty over his tariff war against the United States\u2019s top trading partners like Canada<\/a> and Mexico<\/a>.
\u201cI hate to predict things like that,\u201d the president told Maria Bartiromo<\/a> on Fox News<\/a>\u2019s Sunday Morning Futures<\/em> when pressed about the possibility. \u201cThere is a period of transition.\u201d
Mark Carney<\/a>, the former governor of the Bank of England, meanwhile won the race to succeed Justin Trudeau<\/a> as Canada\u2019s new prime minister last night and wasted no time in vowing to take on Trump in a trade war<\/a>, urging his country to unite.
Carney, who saw off a challenge from ex-finance minister Chrystia Freeland to lead the Liberal Party, hit out at the American\u2019s tariff aggressions by saying: \u201cThe Canadian government has rightly retaliated with tariffs<\/a>. We will keep our tariffs on until the Americans show us respect.
\u201cWe did not ask for this fight. But Canadians are always ready when someone else drops the gloves. Make no mistake, Canada will win.\u201d
He further accused Trump of \u201cattacking Canadian families\u201d and wanting to \u201cdestroy the Canadian way of life.\u201d
The outgoing PM made way for Carney yesterday with a sign-off that praised his fellow Canadians for \u201cshowing what we are made off\u201d in standing up to an \u201cexistential challenge\u201d from the man in the White House.
Economist Stephen Moore, who advised the Republican\u2019s 2016 presidential campaign and was nominated by him to lead the Federal Reserve in 2019, told Fox News on Sunday that he had some serious doubts about the wisdom of his old boss\u2019s trade war.<\/a>
Trump was expected to sign an executive order on Friday tasking his freshly confirmed education secretary with dissolving the federal department she heads, only for the White House to reverse course.
McMahon later confirmed she believed her job is to secure a near-impossible three-fifths supermajority, or 60 votes, needed in the Senate to abolish the agency \u2013 but said that she would not simply walk away and abandon the department.
Republicans currently hold a slim 53 to 47 seat majority in the upper chamber.
\u201cThis is not a turn off the lights and walk out of the department,\u201d McMahon told NewsNation.
\u201cIt\u2019s in close consultation with Congress and looking at how the needs of students can best be serviced.\u201d
James Liddell<\/strong> reports.<\/a>
The former president has been accused by a right-wing think-tank of using the same automatic signature to sign a raft of documents while in office.
The Oversight Project, a self-described investigative arm of the Heritage Foundation (of Project 2025 fame), is challenging the legitimacy of orders signed by the Democrat on the grounds that an \u201cautopen signature\u201d was allegedly used across almost \u201cevery document\u201d it could find.
James Liddell<\/strong> has the story.
Here are the latest social media posts from the president, which find him attacking Malcolm Turnbull after he said in a Bloomberg interview that Trump\u2019s tariff antagonism would play directly into China\u2019s hands and striking a less aggressive tone on Greenland than he has previously.
<\/a>Here\u2019s Turnbull promoting the piece in question that so angered Trump:<\/a>
Saturday Night Live<\/em> parodied that supposed cabinet fallout over the weekend, with James Austin Johnson once more holding court as the president and Mike Myers returning as Elon (throwing in a touch of Dr Evil for good measure).
Michelle Del Rey<\/strong> has the story.
The president\u2019s other TV appearance yesterday came when he took questions from reporters on Air Force One as he returned to Washington from a weekend in Florida.
Here are a few choice excerpts, from his promising American consumers untold wealth (eventually) as a result of his tariff war to dismissing plane crashes as just one of those things, denying that his nomination of Amy Coney Barrett to the Supreme Court was a \u201cDEI hire\u201d and getting shirty with a reporter who asked whether he was being \u201cdisrespected\u201d by Vladimir Putin.
<\/a>Perhaps the juiciest order of business though was his move to rubbish reports of a fall out between his billionaire DOGE supremo Elon Musk and Secretary of State Marco Rubio.
You can see his answer to that below.
The president is \u201ccomfortable\u201d with a democratic ally ceasing to exist if defending it becomes too expensive, he implies.<\/a>
In the same interview in which he conceded there could be a recession after all, the president reiterated his claim that Ukraine President Volodymyr Zelensky has not been sufficiently \u201cgrateful\u201d for American aid and alleged that he \u201ctook money out of this country\u2026 like candy from a baby\u201d (his description of the Biden administration\u2019s policy of military and political support for Ukraine\u2019s military).
<\/a>Trump also rejected that idea he was supportive of Vladimir Putin, insisting: \u201cNobody has been tougher on Russia than Donald Trump.\u201d
John Bowden<\/strong> has this one too.
This was probably the new PM\u2019s key line of the night.
Join thought-provoking conversations, follow other Independent readers and see their replies
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Notifications can be managed in browser preferences.Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inPresident\u2019s remarks follow turbulent week as markets rattled by series of chaotic tariff announcements and immediate walkbacksFrom reproductive rights to climate change to Big Tech, The […]<\/p>\n","protected":false},"author":1,"featured_media":129429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-129428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=129428"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/129429"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=129428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=129428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=129428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}