US economy

“Cutting taxes, three to four hundred billion dollars a year is going to accelerate it. We are going to get efficiency and productivity gains from AI. Like these things are happening.”

“My belief is that if we're targeting tariff revenues going from sixty-five billion to a trillion, I don't think the US economy is prepared for that, and I think that pushes us into a recession.”

“The probability that you're going to land this plane and just a really smooth landing, I think is, is challenging to see, right? It's, We're going to have some wins. We're going to have some losses.”

“So I think what the market was saying is, okay, three hundred billion, half of that will show up as increased prices and taxes on consumers and on businesses. Half of it will get eaten by the producer of the product in China, in India, wherever, you know, that…”

“You can't just cut two trillion dollars in a single year. That would be an 800 basis point headwind to GDP. It would throw us into a recession, if not depression, like state.”