The world was shaken by Trump’s tariff war, now America will shed tears of blood, the US President gave such indications
US President Donald Trump refused to rule out the possibility that the US economy could head into a recession this year and inflation could rise. Because his chaotic trade tariff policy is creating uncertainty and market turmoil. US President Trump predicted that his economic goals will take time to be met and a transition period will be needed. But when he was asked on the Fox News show Sunday Morning Futures, ‘Are you expecting a recession this year?’, he evaded.
Trump said that ‘I don’t like to predict such things. This is a transition period, because what we are doing is very big. We are bringing wealth back to America. This is a big thing. And there are always times like this, it takes some time. It takes a little while, but I think it should be very good for us.’ When asked if he thought his tariffs on US imports would boost inflation, he said ‘you might see that.’
Donald Trump downplayed recent stock market volatility after dilly-dallying over his tariff policy on exports from Canada, Mexico and China. Last week, the Atlanta Federal Reserve suggested the US economy was heading for a recession in the first quarter, raising fears that if weakness persists, the world’s largest economy could slip into recession and fuel stock market panic.
Meanwhile, US Commerce Secretary Howard Lutnick dismissed concerns that Trump’s global tariffs would likely lead to a recession in the US. He said that ‘absolutely not, there will be no recession in America.’ Lutnick said that ‘Anyone who bets against Donald Trump, it is like those who thought Donald Trump would not win a year ago … You will see the biggest growth rate from America in the next two years … I would never bet on a recession, no chance.’
