As recession fears grow, the President says he’s not concerned


(8/21/19) President Trump talking tough on trade tensions with China, which many economic experts warn that if they continue, it could spark a short-term recession in America.

The President says that he’s not concerned.

Financial giant, J.P. Morgan Chase, estimates that if a new round of tariffs on China go into effect in December, it could cost every American household $1,000 dollars a year.

Now, the Trump Administration is looking at ways to prevent a potential recession, including a possible payroll tax cut.

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