Trump Declines to Rule Out 2025 US Recession, Cites 'Period of Transition' Amid Tariff Plans

President Donald Trump has declined to rule out the possibility of a recession in the United States in 2025, amid growing concerns over his tariff policies and their impact on the economy. Trump's remarks were made during an interview on Fox News, where he described the current economic situation as a 'period of transition.' The president's tariff threats and policies have caused significant uncertainty in the markets, with stocks experiencing sharp declines. The S&P 500 has seen its worst week since last September, reflecting investor unease about the potential economic slowdown. Tariffs on steel and aluminum products are set to be implemented, and Trump has pledged to move forward with 'reciprocal' tariffs starting on April 2. Trump has defended his tariff strategy, asserting that it is aimed at bringing wealth back to America, despite the short-term disturbances it may cause. He has suggested that the tariffs could continue to rise as part of his broader economic vision, potentially bringing in hundreds of billions of dollars.