On a recent episode of “Meet the Press,” President Donald Trump addressed concerns over a potential short-term recession, asserting that the long-term outlook for the U.S. economy remains positive. When moderator Kristen Welker pressed him about the potential impact of a recession, Trump confidently declared, “Everything’s OK,” indicating he views the current economic situation as a transition period that will lead to success. Despite Wall Street’s anxiety regarding economic downturns related to his tariff policies, Trump stressed that some analysts are optimistic about a booming economy, urging Welker to focus on those voices.
In context, the Commerce Department recently reported a 0.3% contraction in the U.S. economy for the first quarter of 2025, largely attributed to a drop in exports and rising imports linked to upcoming tariffs. Trump deflected responsibility for the negative GDP figures, attributing them to the economic policies left by former President Joe Biden, and reiterated his opposition to Biden’s economic framework.
Throughout his presidency, Trump has advocated for imposing tariffs on key trading partners, notably Canada, Mexico, and China. Although he briefly paused the introduction of larger tariffs, which led to a market rally, he remains committed to increasing tariffs on China to 145%. He downplayed fears that such tariffs would significantly affect prices or availability of consumer goods in the U.S., suggesting that consumers might have fewer options rather than facing shortages.
In summary, Trump maintained a hopeful perspective on the economy, dismissing recession fears and emphasizing a future of robust economic growth, all while navigating complex trade policies.
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