Donald Trump on Sunday refused to rule out the possibility that inflation could rise as his chaotic trade tariff policy would cause uncertainty and market disruption this year, causing the US economy to fall into a recession.
The US President predicted that his economic goals would take time and involve a transition period to bear fruit. But in an interview with futures on the Fox News Show on Sunday morning, he was relaxed: “Are you hoping for a recession this year?”
“I hate predicting such things. What we do is so big, so there’s a period of transition. We’re bringing wealth back to America. That’s a big thing. And there’s always a period and it takes a little time. It takes a little time, but I think it should be great for us,” Trump said.
When asked if he thought tariffs on US imports would be fueled by inflation, he said: “You might get it. In the meantime, what do you speculate? Interest rates are falling.”
He downplayed the recent stock market volatility, and despite the usual fixation of politics that day and the appetite that charges credit when stocks in his watch rise, except for tariff policies on exports from Canada, Mexico and China and similar threats to other countries.
“You have to do the right thing,” he said.
Last week, the Atlanta Federal Reserve suggested that the US economy had signed a contract in the first quarter, fearing that the recession could hit the world’s biggest economy if the decline continues to drive stock market unrest.
In 2018, Trump posted a current X, which was featured on Twitter. “Trade wars are good and easy to win” and are views that are not widely shared by financial and economic experts.
But on Sunday he was generally cautious after boasting through his campaign to acquire his policies that bring for the US economy and ordinary American finances.
Fox News Sunday Morning Futures Anchor Maria Baltiromo introduced the topic of recession by telling Trump that he “sees and knows he inherited the chaos.”
Meanwhile, on Sunday morning, NBC’s Meet the Press TV Politics Show was interviewing U.S. Secretary of Commerce, Howard Lutnick.
He pushed back concerns that Trump’s global tariff outlook would cause a recession in the United States. “It’s definitely not,” he said. “There’s no recession in America.”
Lutonic added: “Everyone who bets on Donald Trump is like the same people that Donald Trump thought he had no intention of winning a year ago. We’ll see the biggest growth set from America over the next two years.
