Trump acknowledges potential recession during interview

President Donald Trump did not dismiss the possibility of a recession in 2025 during a recent Fox News interview. He mentioned a "period of transition" as his policies aim to bring wealth back to America. Despite a recent drop in stock markets and rising unemployment, Trump believes his economic approach will lead to long-term benefits. He has temporarily reversed plans for steep tariffs on Mexico and Canada but intends to impose more tariffs in the future. An economist criticized Trump's policies, suggesting they could harm U.S. growth. However, he noted that the economy remains resilient, with consumers still able to spend and a firm labor market.