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Trump Team Is Pivoting to No Pain, No Gain as Economic Message

President Donald Trump during a joint session of Congress in the House Chamber of the US Capitol in Washington, DC, on Tuesday.
Photographer: Win McNamee/Getty Images/Bloomberg
By Skylar Woodhouse and Josh Wingrove
8 March 2025 at 8:00 PM SGT
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President Donald Trump campaigned on a promise to cure what he said was an ailing US economy. Little more than a month into his second term, he’s starting to hint that the treatment might hurt.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.
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