Supporters of a plan predict Trump's hawkish tariffs will trigger a recession, forcing the US Federal Reserve to lower interest rates, which would facilitate the refinancing of $7 trillion of US debt in 2025.
"Supporters of this plan say Trump's hawkish tariffs could trigger a recession and force the US Fed to lower interest rates. When interest rates fall, it will become easier for the US government to refinance $7 trillion of debt in 2025."