President Trump has commented on whether the US is heading into a recession
Donald Trump has refused to rule out a recession in the US after a new report claimed the country could be heading for financial difficulties.
Economic Storm Brewing: Could New Tariffs Trigger Another Recession?
Although the U.S. last faced a recession just five years ago in 2020, recent tariffs imposed by President Trump on Canada, Mexico, and China are raising fresh concerns about economic stability.
Both Canada and Mexico have been hit with a hefty 25% tax on all imports into the U.S., while China’s initial 10% tariff has now doubled in response to the country’s countermeasures.
The impact is already showing. The Federal Reserve Bank of Atlanta’s GDPNow model now projects a concerning -2.8% decline in GDP growth for the first quarter of 2025 — a sharp drop from the +3.9% growth forecasted just a month earlier.
With economic uncertainty looming, all eyes are on the potential fallout from these escalating trade tensions.
Economic Uncertainty Ahead: Could the U.S. Be Heading for Recession?
With mounting concerns about the economy, experts warn that the United States could face a recession later this year if it experiences two consecutive quarters of economic decline.
During a Fox News interview on Sunday (March 9), President Trump addressed these concerns when asked directly if he expected a recession.
“I hate to predict things like that,” Trump replied. “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. And there are always periods of… it takes a little time. It takes a little time, but I think it should be great for us.”
When pressed about whether his administration’s tariffs might fuel inflation, Trump acknowledged the possibility but pointed to a silver lining:
“You may get it. In the meantime, guess what? Interest rates are down.”
As the economic landscape remains uncertain, all eyes are on the months ahead to see if Trump’s gamble on tariffs will pay off — or push the nation into recession.
Trump Addresses Economic Concerns: ‘It Should Be Great for Us’
When asked about the possibility of a recession during a recent Fox News interview, President Trump remained cautiously optimistic.
“I hate to predict things like that,” he said. “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. And there are always periods of… it takes a little time. It takes a little time, but I think it should be great for us.”
When pressed on whether his administration’s tariffs could worsen inflation, Trump acknowledged the risk but pointed to a potential upside:
“You may get it. In the meantime, guess what? Interest rates are down.”
With economic uncertainty growing, Trump’s comments signal confidence in his strategy — but also suggest that the road ahead may not be entirely smooth.
White House Defends Tariffs, Citing ‘Extraordinary Threat’ and National Emergency
The White House has justified the recent tariffs on Canada, Mexico, and China, claiming these nations pose an “extraordinary threat” to the United States due to the influx of “illegal aliens and drugs” — even going so far as to label it a “national emergency.”
Regarding China specifically, the White House stated:
“In response to China’s intellectual property theft, forced technology transfer, and other unreasonable behavior, President Trump acted with conviction to impose tariffs on imports from China, using that leverage to reach a historic bilateral economic agreement.”
During his Fox News interview, Trump also shifted focus to what he described as the greatest global danger: nuclear weapons.
“We spend a lot of money on nuclear weapons — the level of destruction is beyond anything you can imagine,” he said. “It’s just bad that you have to spend all this money on something that, if it’s used, it’s probably the end of the world.”
As trade tensions escalate and geopolitical concerns loom, Trump’s remarks underscore his administration’s focus on both economic and global security challenges.
