Trump hints at possible recession amid trade war

Donald Trump has refused to rule out the possibility of a U.S. recession this year as tariffs imposed on trade partners create economic uncertainty.

The president admitted on Sunday that there would be a transition period and that his policies would take time to show results. When asked about a potential recession, Trump said: "I hate to predict things like that. 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."

The president downplayed market volatility, despite having imposed tariffs on Canada, Mexico, and China.

Meanwhile, Commerce Secretary Howard Lutnick acknowledged that the prices of some goods could rise in the coming weeks.

(QG - Source: The Guardian / BBC / Picture: © Pixabay)