Trump: The US economy is entering a "transition period", refusing to rule out the possibility of recession

U.S. President Trump refuses to rule out the possibility that the U.S. economy will shrink and enter a recession this year, saying his comprehensive economic agenda may cause short-term turbulence, but he believes it will drive future prosperity. In an interview with Fox News' "Sunday Morning Futures", when asked if he expected a recession this year, Trump replied: "I hate predicting such things. There is a transition period because what we are doing is very big. We are bringing wealth back to America, which is a big deal." Trump has embarked on a comprehensive reform of the U.S. economy, with his agenda focusing on new tariffs, immigration restrictions, regulatory cuts, government jobs and taxes. He also hopes to cut spending on some federal programs. While many businesses welcome his broader agenda, uncertainty over tariffs imposed on close trade partners Mexico and Canada unsettles markets. His tariff rhetoric has been inconsistent in recent months.