President Trump Recognizes US Economy Is in a Transition Period, Acknowledges Recession Risk
U.S. President Donald Trump has acknowledged the negative effects that his America First trade policies, including the implementation of tariffs, might bring to the country. In a recent interview on NBC’s “Meet the Press”, Trump referred to the possibility of a recession happening in the short term and his position on the issue.
When asked if a recession might happen, he stated:
Anything can happen, but I think we’re going to have the greatest economy in the history of our country.
Trump stressed that he was not worried about it, clarifying that he was focused on finding a long-term solution for stabilizing the U.S. economy. “Look, yeah, it’s — everything’s OK. What we are — I said, this is a transition period. I think we’re going to do fantastically,” he assessed.
Trump’s remarks come after a negative 2025 Q1 Gross Domestic Product (GDP) report. The Department of Commerce numbers estimated that the economy contracted by 0.3% year-over-year, with experts blaming Trump’s trade policies. Trump himself has disregarded these explanations, explaining that the current economy is part of the legacy of former President Joe Biden, calling it an “overhang.”
“We came in on January, these are quarterly numbers, and we came in and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways,” Trump noted in the same interview.
Nonetheless, the first negative GDP results in eleven quarters have raised alarms on Wall Street about the possibility of a recession. In April, before this report came to light, JPMorgan estimated the probability of a recession was 60%, citing the U.S.’s aggressive tariff policy as the cause behind it.
Read more: Is a Recession Locked In? Traders Assign High Odds to Economic Trouble Ahead