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Ex-Trump Official Warns of Impending Recession Risk

5/12/2025

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Summary

Story summary

Former Trump official Anthony Scaramucci sounded the alarm on Donald Trump's trade policies, predicting they could plunge the U.S. into an "unnecessary recession" by late 2023. With supply chain disruptions and port congestion worsening, he urged immediate action, declaring, "Time is running out" as troubling signs emerge in the stock market.

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Story summary

Former Trump official Anthony Scaramucci sounded the alarm on Donald Trump's trade policies, predicting they could plunge the U.S. into an "unnecessary recession" by late 2023. With supply chain disruptions and port congestion worsening, he urged immediate action, declaring, "Time is running out" as troubling signs emerge in the stock market.