Trump supports Tesla amid trade disputes and recession fears

President Donald Trump is facing challenges with international trade. Experts say these issues may be part of a larger economic conflict. Tariffs on imports could impact many U.S. industries, including technology and media, and could slow economic growth. There are concerns that these policies might lead to a recession, which Trump has not dismissed as a possibility. To support Tesla amid ongoing protests against CEO Elon Musk, the White House is getting involved. Meanwhile, Trump is considering cuts to the Department of Education. Critics worry this could harm services that many people rely on. A new report estimates Trump's trade policies could cost the technology and media sectors $139 billion a year. Companies are now reassessing their financial risks due to these tariffs, especially on imports from China. Commerce Secretary Howard Luntick has publicly recommended buying Tesla stock, claiming it is currently undervalued. However, a study from UCLA indicates that Trump's economic policies could contribute to a recession and increased inflation if implemented. As Wall Street speculates about a possible recession, Trump's administration is defending its trade policies. The Federal Reserve has kept interest rates stable but has adjusted its economic forecasts, predicting higher inflation and unemployment rates in the near future.