President Trump addressed the possibility of a U.S. recession in a recent interview, stating that “anything can happen,” but expressed confidence that the economy will ultimately be “OK” in the long term.
In a conversation with NBC’s Kristen Welker for “Meet The Press,” Trump downplayed recession fears, calling the current period a “transition” and predicting the U.S. economy would perform “fantastically.” When asked about the likelihood of a recession, he acknowledged uncertainty but remained optimistic, saying, “Anything can happen, but I think we’re going to have the greatest economy in the history of our country.”
Amid concerns over Trump’s trade policies, which have led to a 0.3% contraction in the U.S. GDP during the first quarter of 2025, some Wall Street analysts have warned of a potential recession. Trump, however, pointed to some optimistic voices on Wall Street, asking why those perspectives weren’t being highlighted. He also shifted blame for market volatility onto President Biden, insisting, “This is Biden’s Stock Market, not Trump’s,” and claimed that tariffs would soon yield positive results by encouraging companies to relocate to the U.S.
Trump’s trade policies, which began with tariffs on major trading partners like Mexico, Canada, and China, have had a significant impact on the global economy. Despite tensions, he remained hopeful that his policies would lead to a booming economy, although he stressed the need to remove what he called the “Biden Overhang.”
