Trump refuses to exclude American recession because the Tarife Spoo Investors | News Donald Trump
The US president says the economy is in the “transitional period” in the midst of uncertainty about his trade policies.
The President of the United States Donald Trump refused to exclude the possibility that the world’s largest economy is going into a recession in the midst of the market care because of his economic agenda “First America”.
In an interview with Fox News aired on Sunday, Trump revealed himself when he asked if he was expecting a recession this year.
“I hate predicts such things. There is a transitional period, because what we do is very big. We bring wealth to America. It’s a big deal,” Trump told Sunday Morning Futures during an interview.
“It takes some time, but I think it should be great for us.”
Trump comments come in the middle of market jerks for his announcements about tariffs and signs of slowing down in the American economy.
Trump hit 25 percent of tariffs last week on imports from Mexico and Canada and doubled his post on Chinese goods to 20 percent.
But only 48 hours later, he announced that he would delay some tariffs on Mexican and Canadian goods by April 2.
The Benchmark S & P500 index lowered more than 3 percent from last Monday to Friday, increasing its worst weekly appearance since September.
On Thursday, the Federal Atlanta Federal (GDP) gross domestic product traveler reduced its estimate for the period from January to 2.4 percent of contraction, which is a drop of 2.3 percent of the extension last month.
On Friday, Goldman Sachs increased its prospects for the recession in the next 12 months from 15 percent to 20 percent.
In a more positive sign for economic prospects, the American Bureau of Labor statistics on Friday reported to add 151,000 jobs in January – just below the forecasts of economists, but approximately in accordance with the average of 2024.
In an interview with the NBC later on Sunday, the US secretary for the Howard Lutnick trade has rejected a conversation about a possible recession.
“Donald Trump is the winner. He will win for the American people. That will be just that,” Lutnick said during an interview with Meet The Press.
“There will be no recession in America.”
“I would never bet on the recession,” Lutnick added. “No way.”
