Gold Investing
Phillip Magness: Did Trump's Tariffs Just Supercharge a Recession?
By Charlotte McLeodApr 07, 2025 09:00PM
Charlotte McLeod
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Dr. Phillip Magness of the Independent Institute also said there's still a chance that Trump will reverse course on his tariff policy.
Dr. Phillip Magness of the Independent Institute discusses the impact of US President Donald Trump's latest round of tariffs, outlining their potential effects on the economy and stock market.
"This could be the event that supercharges us into a recession — it could be the major trigger," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.