In a recent Fox News interview, President Donald Trump addressed concerns regarding his tariffs and the potential for an economic recession. He stated that the U.S. economy will undergo a "period of transition" as it adjusts to the tariffs, although he did not dismiss the possibility of a recession completely. Trump paused tariffs on imports from Mexico and Canada to assist American car manufacturers while expressing confidence that these policies would ultimately bring wealth back to America, despite the stock market's recent volatility amid tariff-related anxieties.
Trump emphasized that the economy is undergoing a "period of transition" due to his tariffs, suggesting that while adjustments are necessary, concerns of recession are overstated.
Despite the uncertainty in the stock market, Trump reassured viewers by stating that the changes he is implementing are aimed at benefiting the American economy and bringing wealth back to the country.
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