‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs
President downplays recent stock market volatility that followed his ducking and weaving over tariff policy
Donald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, as his chaotic trade tariffs policy cause uncertainty and market turbulence.
The US president predicted that his economic goals would take time and a period of transition to bear fruit. But when asked in an interview with the Fox News show Sunday Morning Futures “are you expecting a recession this year?” he demurred.
Reuters contributed reporting
Continue reading...
Read more at The Guardian
Topics
-
Trump on if he's expecting recession this year: 'I hate to predict things like that'
President Trump faced a slew of questions about the economic ripple effects of his tariff policy during an interview with Maria Bartiromo on Fox News, including whether he worried about a looming ...The Hill - 11h -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - 9h -
Trump Declines to Rule Out Recession as Tariffs Begin to Bite
President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”The New York Times - 5h -
Live updates: Trump says he hates to 'predict things like that’ when asked if he expects a recession
House Republicans on Saturday unveiled a 99-page, six-month stopgap funding bill to avert a government shutdown and increase defense funding while seeking cuts for nondefense programs, which will ...The Hill - 6h -
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...CBS News - 2h -
Slotkin slams 'reckless' approach to tariffs: 'I just want a scalpel and not a sledgehammer'
Sen. Elissa Slotkin (D-Mich.) said Sunday that most Democrats don't oppose tariffs altogether, but she criticized President Trump's approach as "reckless." "Most of us aren't against tariffs, full ...The Hill - 10h -
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.The New York Times - 3d -
EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart
UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...The Guardian - 15h -
U.S. stock futures fall after a rough week on Wall Street, as Trump won’t rule out recession
U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.MarketWatch - 56m
More from The Guardian
-
Mark Carney to be next Canada PM after winning Liberal leadership race
Former central banker will be only second prime minister in Canadian history without a seat in parliament. Mark Carney, the former central banker who oversaw the response to financial crises in ...The Guardian - 3h -
Israel to cut off electricity in Gaza in apparent effort to force hand of Hamas
Humanitarian officials say move could hit already meagre water supply, as ceasefire talks grow increasingly chaotic. Israel is to cut off any remaining electricity supplies to Gaza in an apparent ...The Guardian - 3h -
Russian forces recapture villages in Ukrainian-held pocket inside Russia
Moscow claims it is close to surrounding thousands of Ukrainian troops in Kursk region. . Russia has taken control of several villages in the Kursk region and claims its forces are close to ...The Guardian - 10h -
US added to international watchlist for rapid decline in civic freedoms
Civicus, an international non-profit, puts country alongside Democratic Republic of Congo, Italy, Pakistan and Serbia. The United States has been added to the Civicus Monitor Watchlist, which ...The Guardian - 2h -
Entire families reportedly killed in fighting in north-west Syria, UN says
Human rights commissioner calls for investigation into ‘extremely disturbing’ attacks in Latakia province. The UN has condemned what it called “extremely disturbing” reports of entire families ...The Guardian - 2h
More in World
-
Ex-Cyclone Alfred live updates: Brisbane and NSW flooding; power outages; floods evacuation warnings – latest news
Follow today’s news live. Full report: residents warned to head for high ground as flood waters rise Send us your photographs and videos of ex-Cyclone Alfred Get our breaking news email , ...The Guardian - 21m -
NFL roundup: Bills give Allen reported $330m extension as Steelers trade for DK Metcalf
Buffalo quarterback rewarded for MVP season Pittsburgh make move for Seattle receiver NFL MVP Josh Allen was rewarded Sunday with a contract extension worth $330m, with $250m of it guaranteed, ...The Guardian - 41m -
Ukraine war briefing: Kyiv officials to meet Trump aides in Saudi Arabia
Volodymyr Zelenskyy says ‘realistic proposals on the table’ in talks; Donald Trump hints US may be close to lifting intelligence pause. What we know on day 1,111. See all our Russia-Ukraine war ...The Guardian - 1h -
Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld
US policy changes won’t have a large direct effect on the Australian economy but a global trade war can only be a drag on growth. Get our breaking news email , free app or daily news ...The Guardian - 2h -
UK to impose new targets on regulators to spur innovation
Goals designed to hasten rollout of advances such as drones and autonomous vehicles, says Patrick VallanceFinancial Times - 2h