President Trump expressed confidence in the long-term health of the U.S. economy despite growing recession fears, saying in a preview of an NBC “Meet the Press” interview that the country is simply in a “transition period.” When pressed by host Kristen Welker, Trump insisted, “Everything’s okay,” and projected “the greatest economy in the history of our country.”
The remarks follow a 0.3% contraction in GDP during the first quarter of 2025 and growing concern from Wall Street analysts over the impact of Trump’s expansive trade tariffs. Trump dismissed those warnings, telling Welker that some analysts predict historic economic success instead.
He pinned current stock market volatility on former President Biden and emphasized that his own tariffs haven’t yet fully taken effect. “This is Biden’s Stock Market, not Trump’s,” he said Wednesday, claiming that companies are now relocating to the U.S. in record numbers.
Trump has paused some tariffs for 90 days to allow negotiations but maintains a 10% import tax and has escalated duties on Chinese goods to 145%.
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