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Trump declines to rule out recession as tariffs begin to bite

FILE — Trucks haul shipping containers and other cargo through the terminal at the Port of Los Angeles, in San Pedro, Calif., Feb. 14, 2025. President Donald 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.” (Mark Abramson/The New York Times)
FILE — Trucks haul shipping containers and other cargo through the terminal at the Port of Los Angeles, in San Pedro, Calif., Feb. 14, 2025. President Donald 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.” (Mark Abramson/The New York Times) FILE — Trucks haul shipping containers and other cargo through the terminal at the Port of Los Angeles, in San Pedro, Calif., Feb. 14, 2025. President Donald 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.” (Mark Abramson/The New York Times)

By Luke Broadwater, Colby Smith and Ana Swanson / New York Times News Service 5 min read

President Donald Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession.

In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Trump also said that he was considering increasing tariffs against Mexico and Canada.

The interview took place Thursday at the White House.

Referencing “rising worries about a slowdown” Bartiromo asked Trump: “Are you expecting a recession this year?”

“I hate to predict things like that,” Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”