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Trump downplays recession fears, saying the U.S. would be 'OK' in the long term
- President Donald Trump downplayed fears of a recession on May 2, 2025, after U.S. data showed a GDP decline in the first quarter and slower job growth in April.
- Trump linked the economic slowdown to a 'transition period' driven by his tariff policies, which some economists say could raise inflation and slow growth.
- The Commerce Department announced a 0.3% annualized decrease in GDP, marking the economy's first quarterly contraction since 2022, primarily due to a drop in exports alongside businesses accelerating imports ahead of tariff implementation.
- Trump said in interviews and social media posts, 'Look, yeah, everything's OK,' and predicted the economy will do 'fantastically' despite short-term challenges.
- The situation implies ongoing economic uncertainty, with Trump accepting short-term disruption as part of his strategy while public approval falls amid growing concern over recession risks.
137 Articles
137 Articles
White House voices confidence on trade, despite global turmoil
The NewsThe White House voiced confidence in the US economy in the face of tariffs that have sparked global turmoil, suggesting new trade deals could soon be unveiled. “This is just the cylinder firing,” Treasury Secretary Scott Bessent wrote in a Wall Street Journal op-ed, referring to recent upbeat data on jobs and inflation. “The American people should expect to hear the engine humming during the second half of 2025.” The Trump administration…
Trump’s Latest Interview Should Freak You Out
In his Meet the Press interview, Trump claimed credit for lowering the trade deficit with China through massive tariffs, downplayed rising costs by saying kids don’t need 30 dolls, and shrugged off due process concerns as nothing new. He hinted he’s not seriously pursuing a third term but made clear he no longer cares about public opinion. On foreign policy, he bizarrely refused to rule out military force to take Greenland, criticized Canada’s d…
Trump Downplays Economic Concerns
“President Trump is minimizing concerns over further economic turmoil as he moves forward with trade negotiations and steps up pressure on Congress to pass a tax-and-spending bill,” the Wall Street Journal reports. “In the coming week, the White House aims to announce at least one deal with a country seeking to escape higher tariffs… Trump in return is seeking an array of benefits, including agreements that trading partners purchase more U.S. go…
Trump Downplays Recession Concerns as a ‘Transition Period’ for US
President Donald Trump said he believes a recession is unlikely and downplayed concerns about the impact tariffs may have on the U.S. economy. “Look, yeah, it’s—everything’s OK. What we are—I said, this is a transition period. I think we’re going to do fantastically,” Trump told NBC News’ “Meet the Press” in an interview that was published on Sunday. The Commerce Department’s Bureau of Economic Analysis published its report last week that found …
Trump Downplays Recession Concerns as a ‘Transition Period’ for US - The Thinking Conservative
President Donald Trump said he believes a recession is unlikely and downplayed concerns about the impact tariffs may have on the U.S. economy. The post Trump Downplays Recession Concerns as a ‘Transition Period’ for US appeared first on The Thinking Conservative.
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