In a recent interview, President Trump addressed concerns about a potential recession in the U.S. He noted that “anything can happen,” but expressed his belief that the nation’s economy would ultimately be “alright” in the long term.
During the NBC’s “Meet the Press,” which aired in full on Sunday, he downplayed worries about the possibility of entering a recession. Trump emphasized that this is merely a “transition period,” insisting, “Remember this. Yeah, it’s all okay.”
When pressed by Welker about his concerns regarding an economic downturn, he reacted unfavorably. Trump acknowledged the unpredictability of the situation but pointed out that the U.S. has the largest economy in its history.
As he grapples with upcoming tariffs and their impact on the global economy, it’s worth noting that the U.S. GDP fell by 0.3% in the first quarter of 2025. Some notable analysts on Wall Street have suggested the country may be heading toward a recession due to the president’s extensive trade policies.
“Well, you know, you say some people on Wall Street say… well, I’ll tell you something else. We have the largest economy in history. Why don’t you talk about them?” Trump remarked during the interview.
The former president attributed the recent stock market volatility to President Biden’s policies, claiming, “This is not Trump’s stock market, it’s Biden’s stock market. I didn’t take over until January 20th. Tariffs start kicking quickly, and businesses start moving to America in record numbers. Our country is booming, but we need to get rid of Biden’s ‘overhangs.’”
Initially, Trump had disrupted global trade relations by imposing tariffs on major trading partners like Mexico, Canada, and China, later broadening the scope with significant mutual tariffs on numerous nations. He did pause these extensive duties for 90 days to allow for negotiations but implemented a 10% import tax. Additionally, he intensified the trade conflict with China, raising tariffs to 145% on various goods coming from the second-largest economy in the world.
