Archive: https://archive.is/2025.03.08-121852/https://www.bloomberg.com/news/articles/2025-03-08/trump-team-is-pivoting-to-no-pain-no-gain-as-economic-message
The administration is still lavishing Americans with visions of a golden age to come. Yet in the course of a madcap week – which saw a flurry of tariffs and reversals, sparking a global trade war and a sharp stock-market decline – the tone changed a bit.
“There’ll be a little disturbance, but we’re OK with that,” Trump told Congress on Tuesday, defending his plans to throw up a protectionist barrier around the US with the biggest tariff increases in almost a century. By Friday, Treasury Secretary Scott Bessent was arguing that the world’s biggest economy needed some “detox” to wean it off dependence on public spending.
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