
President Donald Trump dismissed concerns about a recent market selloff, stating that he does not see the United States entering a recession. Speaking from the White House, Trump expressed optimism about the country's economic future, saying, "I think this country is going to boom." The comments come amidst three weeks of market volatility, with stocks falling on Tuesday morning following new tariff threats against Canada, the U.S.'s largest trading partner. Despite the market's reaction, Trump emphasized that fluctuations are normal and reiterated his belief in building a 'real economy.' He was joined by Elon Musk, who is leading the Department of Government Efficiency (DOGE), as they reviewed Tesla vehicles at the White House. Trump's remarks contrast with his previous comments on Fox News, where he did not rule out the possibility of a recession due to his tariff policies. He also criticized his predecessor, Joe Biden, for leaving the country with high inflation and a poor economy. The S&P 500 experienced a 10% drop from its February peak before recovering, influenced by Trump's decision to reconsider 50% tariffs on steel and aluminum from Canada.
Trump diz que economia dos EUA não entrará em recessão este ano https://t.co/XjVIgmXAfv
🗣️ Trump descartó que Estados Unidos vaya a entrar en recesión y aseguró que el país “va a experimentar un gran auge”. https://t.co/pj3np2GHii
President Donald Trump downplays a sharp market selloff, saying he does not foresee the US going into a recession and that the country is going to “boom” this year https://t.co/r7L2EbA9UI https://t.co/PjAs8fYzMK