While Trump has played down the turbulence as a temporary “period of transition” on the road to a stronger economy, supporters and critics of the US president alike have specu

Donald Trump never told voters there might be a recession on the road to his new “golden age.” The president’s refusal – twice – to rule out an economic contraction this year set off a stock market plunge on Monday that hammered Americans’ retirement accounts.

U.S. stocks climbed after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.