US President Trump’s administration has initiated a series of drastic measures aimed at rebooting the economy, including mass layoffs, reduced funding, and novel tariff policies. Treasury Secretary Scott Bessent termed this transformation as a “detox period.” The White House claims that these adjustments will yield long-term benefits but acknowledges that Americans are likely to face short-term economic hardship.
The Trump administration believes that temporary pain is necessary for sustainable growth. However, the sustainability of this approach remains uncertain, and many Americans may struggle with the uncertainty caused by these drastic changes.
Source: https://www.washingtonpost.com/business/2025/03/08/trump-economy-risks-tariffs-inflation-prices