Stephen Miller Obliterates Liberal’s Talking Point of a Recession Being Thrown Around [WATCH]

White House Deputy Chief of Staff Stephen Miller on Friday dismissed concerns that the Trump administration’s recent imposition of reciprocal tariffs could push the U.S. economy into a recession.

Appearing on Fox News’ America Reports, Miller responded to questions from host Sandra Smith following a major market downturn.

On Thursday and Friday, the Dow Jones Industrial Average dropped nearly 2,100 points—marking its largest decline since June 2020.

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The downturn came after President Donald Trump introduced tariffs on foreign imports as part of a broader effort to bring manufacturing jobs back to the United States.

“People are throwing around the R word and they see the Dow down 2,100 points and people are worried about a recession,” Smith said during the segment.

“They’re worried that we can’t do this without sending this economy into such a deep dive that we can’t come back from it. I know you guys are all about growth, I know you’re about lowering taxes, rolling back regulations and seeing that growth. Are you concerned that this is gonna put us into a recession?”

Miller responded directly:

“The exact opposite. We inherited from Joe Biden an economy in total free fall. There has been zero job growth for American workers in 4 years, in other words, all jobs growth has gone to foreign workers. That is a depression, not a recession. That is a depression for the American workers. We had debt and deficits were rising unsustainably that would turn into a certain debt and deficit crisis. We had inflation that was in high double digits, crushing the American family and making it impossible to afford the essentials of life. We had an economy that was in the state of calamity and catastrophe.”

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Miller also laid out the administration’s broader economic recovery plan, which includes sweeping tax reforms and deregulation.

“President Trump’s policy of restoring our supply chains, pushing for total expensing of capital gains, eliminating regulations, eliminating Green New Scam environmental rules, pushing for the biggest, broadest tax cut in American history and reducing taxes on American workers, including ending taxes on tips, ending taxes on overtime, ending taxes on Social Security,” Miller said.

“This economic program is the single most important program for American wealth, prosperity and rejuvenation that we’ve ever seen in this country.”

In response to the tariffs, JPMorgan raised its estimate of a potential recession occurring before the end of the year.

The financial firm adjusted its forecast from a 40% chance to 60%, according to a report from the New York Post.

The administration’s tariff policy aims to level the trade playing field and encourage domestic production.

One major corporate response came from Apple, which announced in February its plan to invest over $500 billion in U.S. manufacturing and hire 200,000 American workers over the next four years.

The decision has been well received by union leaders in the auto and steel industries, who stated that the move is expected to bring jobs back to the U.S. and increase wages.

On Wednesday, a caller from the Rust Belt told Mark Halperin, host of 2Way, that Trump’s decision made him feel “heard.”

China responded by announcing its own tariffs on U.S. imports. The Ministry of Finance stated it will implement a 34% tariff on all goods imported from the United States starting April 10.

The move marks the latest escalation in trade tensions between the two countries as both sides attempt to shift economic leverage.

Despite fluctuations in the stock market, the White House maintains that the long-term objective is to secure economic stability through domestic growth, reduced dependence on foreign production, and increased job opportunities for American workers.

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