Trump declines to rule out recession as he defends tariff policy
Markets tumbled last week during President Trump's whiplash moves on tariffs on Canada and Mexico. More tariffs on steel and aluminum products are set to go into effect on Wednesday, and early next month "reciprocal" tariffs on other nations.
Asked directly if he'd expect a recession this year during an interview that aired on Fox Sunday Morning Futures, Trump declined to rule it out.
"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."
Trump was pressed further on his response during a gaggle with reporters on Air Force One on Sunday evening. "Of course, you hesitate. Who knows? All I know is this, we're going to take in hundreds of billions of dollars in tariffs, and we're going to become so rich you're not going to know when to spend all that money," he said.







