President Trump addressed concerns about a potential U.S. recession during an interview with NBC’s “Meet The Press,” stating that ‘anything can happen,’ while asserting that the country’s economy will be ‘OK’ in the long term. When asked directly about his concerns regarding a recession, Trump downplayed the risks, emphasizing that the current period is a transition phase. He expressed optimism about achieving the ‘greatest economy in the history of our country.’
Despite this optimism, the U.S. GDP contracted by 0.3 percent in the first quarter of 2025, partly due to the lingering effects of Trump’s tariffs. Prominent Wall Street analysts have warned that these trade policies could push the country into a recession. Trump attributed stock market volatility to the legacy of former President Biden, dismissing any connection to his own tariffs.
Trump initiated significant shifts in global trade by imposing tariffs on major U.S. trading partners, including Mexico, Canada, and China. He followed this with reciprocal tariffs on numerous other countries, creating uncertainty in global markets.
— new from The Hill