Trump declines to rule out US recession as tariffs spook investors
Al Jazeera
US president says economy is in a “period of transition” amid uncertainty over his trade policies.
United States President Donald Trump has declined to rule out the possibility that the world’s largest economy is headed for a recession amid market concerns over his “America First” economic agenda.
In an interview with Fox News that aired on Sunday, Trump demurred when asked if he expected a recession this year.
“I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing,” Trump said during an interview with Sunday Morning Futures.
“It takes a little time, but I think it should be great for us.”
Trump’s comments come amid market jitters over his back-and-forth announcements on tariffs and signs of a slowdown in the US economy.
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