Trump declines to rule out a 2025 US recession
Trump’s tariff threats against China, Canada and Mexico have left US financial markets in turmoil and consumers unsure of future
US President Donald Trump declined on Sunday to rule out the possibility that the United States might enter a recession this year.
“I hate to predict things like that,” he told a Fox News interviewer when asked directly about a possible recession in 2025.
“There is a period of transition, because what we’re doing is very big – we’re bringing wealth back to America,” he said, adding: “It takes a little time”.
“Absolutely not,” he told NBC’s Meet the Press when asked whether Americans should brace for a downturn.
