Trump Declines to Rule Out Recession as Tariffs Begin to Bite

President Trump declined to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession in an interview aired Sunday on Fox News.Mr.Trump also told Maria Bartiromo, the host of “Sunday Morning Futures,” that he was considering increasing tariffs against Mexico and Canada.In the interview, which took place Thursday at the White House, Ms.

Bartiromo referenced “rising worries about a slowdown” and asked Mr.Trump: “Are you expecting a recession this year?”“I hate to predict things like that,” Mr.

Trump responded.“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.”Mr.Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business.

Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures.China has also placed tariffs on U.S.

goods and plans to impose another round on Monday.On Thursday, Mr.Trump abruptly reversed his 25 percent tariffs on many Canadian and Mexican exports.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.

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