Trump Doesn't Exclude the Possibility of a Recession in 2025
In a recorded interview that aired on "Sunday Morning Futures with Maria Bartiromo," Trump responded to questions about the potential for a recession, stating, "I hate to predict things like that."
TroibNews 
President Donald Trump remains optimistic about the future of the nation's economy, although he is not dismissing the possibility of a recession in 2025 just yet.
"I hate to predict things like that," Trump stated when questioned about recession risks during a recorded interview on "Sunday Morning Futures with Maria Bartiromo."
In the interview, the president highlighted his unconventional use of tariffs on allied nations and his significant cuts to the federal workforce. However, when Bartiromo brought up growing concerns over a potential economic slowdown, he did not rule out a recession or the challenges that could accompany the realization of his economic goals.
"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."
The initially optimistic economic outlook following Trump's return to the White House has recently lost some of its luster. The unemployment rate rose to 4.1% in February, partially due to job losses in the public sector, and consumer confidence experienced its steepest decline since August 2021.
American consumers are apprehensive that tariffs may increase prices on everyday items, while corporate leaders are seeking stability as the president frequently announces and then rescinds new tariff measures. Last week's tariffs, which were initially set at 25% on a substantial amount of goods from Mexico and Canada, were postponed until April, contributing to market instability. The S&P 500 fell over 3 percent during the week.
Trump has employed tariffs as a means to pressure Canada and Mexico to reduce the flow of fentanyl into the United States. Additionally, he considers them essential for reshaping the American economy to prioritize manufacturing and production.
"What I have to do is build a strong country. You can't really watch the stock market," Trump explained to Bartiromo. "If you look at China they have a hundred-year perspective. We have a quarter. We go by quarters. And you can't go by that. You have to do what's right. What we're doing is, we're building a tremendous foundation for the future."
He also had a direct message for manufacturers: "Build it here. There's no tariff."
While Trump exercises caution regarding economic forecasts, others in his administration express more confidence in the president's capacity to navigate the economic uncertainties. Commerce Secretary Howard Lutnick asserted on NBC's "Meet the Press" that Americans should "absolutely not" expect a recession.
"Anybody who bets against Donald Trump," Lutnick remarked to moderator Kristen Welker, "It's like the same people who thought Donald Trump wasn't a winner a year ago. Donald Trump is a winner. He's going to win for the American people. That's just the way it's going to be. There's going to be no recession in America."
Sophie Wagner contributed to this report for TROIB News
"I hate to predict things like that," Trump stated when questioned about recession risks during a recorded interview on "Sunday Morning Futures with Maria Bartiromo."
In the interview, the president highlighted his unconventional use of tariffs on allied nations and his significant cuts to the federal workforce. However, when Bartiromo brought up growing concerns over a potential economic slowdown, he did not rule out a recession or the challenges that could accompany the realization of his economic goals.
"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."
The initially optimistic economic outlook following Trump's return to the White House has recently lost some of its luster. The unemployment rate rose to 4.1% in February, partially due to job losses in the public sector, and consumer confidence experienced its steepest decline since August 2021.
American consumers are apprehensive that tariffs may increase prices on everyday items, while corporate leaders are seeking stability as the president frequently announces and then rescinds new tariff measures. Last week's tariffs, which were initially set at 25% on a substantial amount of goods from Mexico and Canada, were postponed until April, contributing to market instability. The S&P 500 fell over 3 percent during the week.
Trump has employed tariffs as a means to pressure Canada and Mexico to reduce the flow of fentanyl into the United States. Additionally, he considers them essential for reshaping the American economy to prioritize manufacturing and production.
"What I have to do is build a strong country. You can't really watch the stock market," Trump explained to Bartiromo. "If you look at China they have a hundred-year perspective. We have a quarter. We go by quarters. And you can't go by that. You have to do what's right. What we're doing is, we're building a tremendous foundation for the future."
He also had a direct message for manufacturers: "Build it here. There's no tariff."
While Trump exercises caution regarding economic forecasts, others in his administration express more confidence in the president's capacity to navigate the economic uncertainties. Commerce Secretary Howard Lutnick asserted on NBC's "Meet the Press" that Americans should "absolutely not" expect a recession.
"Anybody who bets against Donald Trump," Lutnick remarked to moderator Kristen Welker, "It's like the same people who thought Donald Trump wasn't a winner a year ago. Donald Trump is a winner. He's going to win for the American people. That's just the way it's going to be. There's going to be no recession in America."
Sophie Wagner contributed to this report for TROIB News
