Trump acknowledges the possibility of recession, emphasizing that the U.S. economy is in a process of transformation.

While President Trump stated that anything could happen to the U.S. economy given the current developments, he clarified that he is not worried about a short term economic recession. “I think we will have the greatest economy in the history of our country,” he declared. President Trump acknowledged that the U.S. economy is undergoing a transition, admitting the risk of recession. U.S. President Donald Trump has acknowledged the negative impacts that his “America First” trade policy, including the imposition of tariffs, could bring to the country. In a recent interview on NBC’s “Meet the Press,” Trump mentioned the possibility of an economic downturn occurring in the short term and his stance on the matter. When asked whether a recession could occur, he replied: Anything can happen, but I think we will have the greatest economy in the history of the country. Trump emphasized that he is not worried about that, clarifying that he is focused on finding long-term solutions to stabilize the U.S. economy. “Look, yes, everything is fine. What are we - I said, this is a transition phase. I think we will do great,” he assessed. Trump’s statements came after the negative report on the Gross Domestic Product (GDP) for the first quarter of 2025. The Department of Commerce estimated that the economy shrank by 0.3% compared to the same period last year, with experts blaming Trump’s trade policies. Trump himself dismissed these explanations, stating that the current economy is part of former President Joe Biden’s legacy, calling it “the residue.” “We got involved in January, these are the quarterly numbers, and we got involved and I am very much opposed to everything that Biden is doing related to the economy, which is destroying our country in many ways,” Trump noted in the same interview. However, the first negative GDP result in eleven quarters has raised alarm on Wall Street about the possibility of a recession. In April, before this report was released, JPMorgan estimated the probability of a recession at 60%, citing the aggressive tariff policy of the United States as the underlying cause.