Welcome to the Wednesday, March the 12th, 2025 edition of the Denison Forum Daily Article podcast.

Today's daily article is written by co-founder, CEO, and friend, Dr. Jim Denison.

This Wall Street Journal headline caused me to click immediately.

Will there be a Trump recession?

The subtitle adds,

Economic signs are mixed, but his willy-nilly tariffs have markets worried.

Fears of recession sparked a major sell-off Monday as the Dow dropped nearly 900 points.

This, after President Trump declined over the weekend,

to rule out a recession this year, though he stated yesterday that he did not foresee the U.S. going

into recession. After Ontario imposed a 25% tariff on electricity sold to the U.S.

Mr. Trump said yesterday he would double tariffs on

steel and aluminum imports from Canada to 50 percent. The provincial government of Ontario then

back down on its plan surcharges. The Dow careen throughout the day, rising before finally

falling 478 points. Today, the president imposed a sweeping 25% tariff on all steel and aluminum imports

to encourage more companies to move their production to the U.S.

The European Union retaliated this morning with new duties on U.S. industrial and farm products.

All this amid worries that American consumers whose spending is vital to the U.S. economy may be maxed out. With a shutdown looming if the

Senate does not approve the GOP government funding measure passed by the House yesterday, economic

uncertainties abounds. As I noted yesterday, we live in a world

changed in every aspect by the COVID-19 pandemic. One example, the U.S. economy fell abruptly

when the pandemic hit, but I've since recovered those losses and ushered in a new era of growth.

However, such growth is no longer tethered to consumer

...