President Donald Trump has played down concerns regarding a potential recession stemming from the ongoing trade war with several developed nations. In a recent interview with NBC News, Trump claimed that the American economy would emerge stronger due to his trade strategies.\n\nThis assertion comes shortly after the Bureau of Economic Analysis reported a 0.3 percent contraction in the U.S. economy during the first quarter of the year, marking the first decline in three years. This downturn has been attributed to disruptions in business operations and supply chains caused by Trump’s tariff policies.\n\nDuring the interview, Trump was questioned about Wall Street’s apprehensions over the impact of tariffs on Chinese goods, which could lead to consecutive quarters of economic contraction—a technical recession. Despite these concerns, Trump expressed confidence in navigating through this period, labeling it as a ‘transition’ that would eventually yield significant economic benefits.\n\nHe stated, “Look, yeah, it’s everything’s okay. I said, this is a transition period. I think we’re going to do fantastically.” Trump further emphasized his belief in achieving the ‘greatest economy in history.’\n\nSince initiating his ‘liberation day’ tariffs in April, Trump has consistently attributed economic instability to his predecessor, Joe Biden. Critics argue that this stance contradicts his earlier claims of responsibility for prior stock market successes.\n\nPublic opinion reflects growing skepticism, with 46 percent of Americans surveyed in April attributing economic instability to Trump, compared to 27 percent blaming Biden.\n— new from The Independent
