Trump says the economy is in a transitional period and is underestimating concerns about the recession
president Donald Trump He dismissed concerns about the short-term recession on Friday, saying the US economy is in a “transition period” and the country will be “fantastic.”
“You say, ‘Some people on Wall Street say.’ Well, I’ll tell you something else: some people on Wall Street say we have the greatest economy in history,” Trump told Kristen Welker in an interview with NBC News after asking about Wall Street concerns. Possibility of a recession It’s increasing.
“Why don’t you talk about them? Because some people on Wall Street say this is the biggest thing that’s happened.”
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When asked if he thought the recession would be OK in the short term while the president was trying to achieve his long-term goals, Trump said, “Yeah, everything’s fine. What we’re saying, this is a transitional period.
The fear of the recession has recently grown after Trump imposed tariffs on various countries, including China. Higher price and supply chain issues.
President Donald Trump on Friday dismissed concerns about the short-term recession, saying the US economy is in a “transition period” and that the country “doesn’t be fantastic.” (Andrew Harnik/Getty Images)
Trump has also seen a slight drop in his approval rate for his economic handling since he took office.
“Gasoline is the lowest in years, $1.98 per gallon, breaking down grocery (and eggs!) down, energy, mortgage rates, employment, employment and much better news.
“Like I said, and we’re just in the transition phase, we’re just starting out!!! Consumers have been waiting years to see prices drop. There’s no inflation.
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“You say, ‘Some people on Wall Street say.’ Well, I’ll tell you something else: some people on Wall Street say we have the biggest economy in history,” Trump told Kristen Welker in an interview with NBC News. (Michael Naggle)
Earlier this week, the president acknowledged that tariffs could lead to higher prices in the short term.
“You know, someone said, ‘Oh, the shelf is open.’ Now, kids will have two dolls instead of 30 dolls, and maybe two dolls will cost them a few dollars than they normally do.”
Trump said the US needs to carry out “fair transactions” with regard to tariffs. (Brendan Smialowski/AFP via Getty Images)
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“But we’re not talking about things we have to get out of the way,” he added. “They have a ship full of things we don’t need, and we have to do fair deals. We’ve been fooled by all the countries in the world, but I think China is the main thing.”