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Trump declines to rule out a 2025 US recession

Trump’s tariff threats against China, Canada and Mexico have left US financial markets in turmoil and consumers unsure of future

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US President Donald Trump speaks to reporters aboard Air Force One. Photo: Reuters

US President Donald Trump declined on Sunday to rule out the possibility that the United States might enter a recession this year.

“I hate to predict things like that,” he told a Fox News interviewer when asked directly about a possible recession in 2025.

“There is a period of transition, because what we’re doing is very big – we’re bringing wealth back to America,” he said, adding: “It takes a little time”.

But Trump’s commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.
US President Donald Trump, flanked by US Secretary of Commerce Howard Lutnick, US Secretary of Treasury Scott Bessent and White House AI and cryptocurrency tsar David Sacks. Photo: AFP
US President Donald Trump, flanked by US Secretary of Commerce Howard Lutnick, US Secretary of Treasury Scott Bessent and White House AI and cryptocurrency tsar David Sacks. Photo: AFP

“Absolutely not,” he told NBC’s Meet the Press when asked whether Americans should brace for a downturn.

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