The then candidate Donald Trump, in a campaign demonstration last August, since the 2024 race for the White House was heating, promised the voters to quickly bring economic relief if he was chosen.
“From day 1, we will end inflation and make the United States again affordable,” he said in a demonstration in Montana, where he told supporters: “This election is about saving our economy.”
A week later, he made a show of exhibiting egg cards, bacon, milk and other edible products outside his New Jersey golf course while criticizing the Biden administration policies.
“When I win, I will reduce prices immediately,” Trump said at that time.
Trump began to change his tone shortly after his victory, however, saying in an interview with Time magazine, published in December, to reduce food costs will be “very difficult.”
Now, seven weeks after its administration, Trump is decreasing to rule out the possibility of a recession and warns about the short -term “disturbance” for US families of their tariff policies.
During his first important speech before Congress and the Nation since its inauguration, Trump defended last week his imposition of levaces pronounced on key commercial partners of the United States such as Canada, China and Mexico.
“The tariffs are about making the United States again enrich and make the United States be great. And it is happening, and it will happen quite fast. There will be some disturbance, but we agree with that. It will not be much,” he said.
President Donald Trump talks to journalists aboard Air Force One on his return to Washington, on March 9, 2025.
Roberto Schmidt/AFP through Getty Images
Since then, its round trip on rates for Canada and Mexico toured the stock market, with the S& P 500 registering its worst week since last September.
During an interview in Fox News “Sunday Morning Futures”, Trump was asked if he expected a recession this year after the Atlanta Federal Reserve project a negative growth of GDP for the first quarter of 2025.
“I hate to predict things like that,” Trump replied. “There is a transition period, because what we are doing is very large. We are bringing wealth to the United States. That is a great 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.”
He was pressed for his doubt to tear down the possibility later on Sunday while talking to journalists on Air Force One.
“I will tell you what, of course you doubt. Who knows? All I know is this: we are going to collect hundreds of billions of dollars in rates, and we will become so rich that you will not know where to spend all that money,” he said. “I tell you, you just look. Let’s have a job. We will have open factories. It’s going to be great.”
The losses of shares continued on Monday and Tuesday after Trump’s comments. More rates against steel and aluminum products are implemented on Wednesday, and Trump undertakes to advance with “reciprocal” rates from April 2.
The hands rise when the White House Secretary, Karoline Leavitt, talks to the members of the media in the Information Room of the White House in Washington, on March 11, 2025.
Evelyn Hockstein/Reuters
On Tuesday, the White House also declined to rule out a recession, since officials sought to issue market agitation as a “snapshot of a time in time” before Trump policies have their expected impact.
“We are in a period of economic transition,” said press secretary Karoline Leavitt to journalists when asked directly if they could assure Americans that there would be no recession.
Leavitt blamed the Biden administration for what he said it was an “economic disaster” to Trump, despite the fact that Biden supervised a soft economic landing, and pointed out other indicators that, he said, were positive signs for Americans, including an impulse in manufacturing work last month and reports of companies that seek to expand operations in the United States.
“The American people, the CEO and the people on Wall Street and in Main Street should bet on this president,” Leavitt told journalists. “He is a merchant. He is a businessman and is doing the right thing for our country.”
