Trump "Not Worried About Recession from Tariffs... Will Greatly Benefit the US"

Uk Jin

Summary

President Trump stated that the tariff policy will greatly benefit the U.S. economy in the long run.
While some on Wall Street raise recession concerns, President Trump said the U.S. will have the best economy.
President Trump emphasized the necessity of the tariff policy and argued for enduring short-term pain.

U.S. President Donald Trump stated that the tariff policy will greatly benefit the U.S. economy in the long run.

In an excerpt of an interview released by NBC News on the 2nd (local time), President Trump responded to a question about whether it's okay for the economy to fall into a recession in the short term by saying, "Everything is fine," and "It's a transition period now. I think we will do tremendously well."

When asked if he thinks a recession could occur, he said, "Anything can happen, but I think we will have the best economy in our country's history."

Regarding concerns from Wall Street's financial sector about a recession due to the tariff policy, he countered, "Some people on Wall Street say we will have the best economy in history," and asked, "Why don't they talk about those people?"

Meanwhile, the U.S. economy contracted in the first quarter. This is due to President Trump's unpredictable and unprecedented level of tariff policy. Although concerns about an economic downturn are growing, President Trump maintains that tariffs are necessary and that some pain must be endured.

Yisongryeol, Hankyung.com reporter yisr0203@hankyung.com