‘I think we’re going to have the greatest economy in the history of our country,’ the president said in a new interview.
President Donald Trump said he believes a recession is unlikely and downplayed concerns about the impact tariffs may have on the U.S. economy.
“Look, yeah, it’s—everything’s OK. What we are—I said, this is a transition period. I think we’re going to do fantastically,” Trump told NBC News’ “Meet the Press” in an interview that was published on Sunday.
The Commerce Department’s Bureau of Economic Analysis published its report last week that found the gross domestic product (GDP) shrank 0.3 percent for the first three months of 2025, compared with the previous quarter.
Trump said that he personally is not worried about the possibility of a recession but noted that “anything can happen.”
“But I think we’re going to have the greatest economy in the history of our country,” he added.
“You say, ‘Some people on Wall Street say.’ Well, I’ll tell you something else: Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is the greatest thing that ever happened.”
After the GDP report was released in late April, Trump wrote on Truth Social that Americans and companies should “be patient” and wait for his economic agenda—which includes tariffs—to play out.
Last month, Trump announced 10 percent baseline tariffs on all U.S. trading partners and also imposed higher, reciprocal tariffs on countries that do more significant trade with the United States. A week later, Trump paused the higher tariffs for 90 days but raised duties on China to 145 percent.
His administration has also imposed 25 percent tariffs on autos, steel, and aluminum as well as 25 percent tariffs on Canada and Mexico. The tariffs on Mexico and Canada, Trump has said, are part of negotiations to have both countries improve their border security and end the trafficking of fentanyl into the United States.
