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Trump Warns War May Trigger Recession
U.S. President Donald Trump stated that ongoing conflict with Iran could have led to serious economic repercussions, warning of the possibility of a recession if the crisis continued. He noted that markets tend to rise when discussing a settlement and fall when tensions increase, emphasizing that he does not want to be like Herbert Hoover, who caused the Great Depression in 1929 due to policy mistakes. He also mentioned that the stock market clearly reflects the direction of dialogue with Iran, and he is keen to avoid repeating the mistakes of history.
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