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 the gross domestic product (GDP) shrank 0.3 percent for the first three months of 2025, compared with the previous quarter.
Trump said that he personally is not worried about the possibility of a recession but noted that “anything can happen.”…