Trump Team Shrugs Off Market Panic, Frames Tariffs As Long-Term Strategy

President Trump’s top economic officials on Sunday dismissed growing investor fears of inflation and recession, according to Bloomberg. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and others asserted that Trump remains committed to global import tariffs. Bessent said that “there’s no reason to price in a recession.” Trump posted golfing videos and told followers to hang tough while officials called market panic overblown. The administration framed the tariffs as a core part of Trump’s long-term economic vision, one he views as essential to restoring American manufacturing.