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President’s comments follow turbulent week on Wall Street over tariff uncertainty
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Donald Trump wouldn’t rule out the possibility of a recession triggered by uncertainty over his tariffs on the U.S.’s top trading partners.
The president told Maria Bartiromo on Fox News’s Sunday Morning Futures: “I hate to predict things like that. There is a period of transition.”
Earlier on NBC’s Meet the Press, commerce secretary Howard Lutnick also admitted the tariffs will mean higher prices for American consumers buying imported goods.
Trump is insisting that there is no feud between Marco Rubio, his secretary of state, and Elon Musk, who is leading drastic cuts to the federal government through the Department of Government Efficiency (DOGE).
The president dismissed reports of a dispute between the two at a Cabinet meeting this week, writing on Truth Social that the pair have a “GREAT RELATIONSHIP” and anything else is “FAKE NEWS.”
For his part, Musk replied to the post that he and Rubio had dinner on Saturday night and had a “great conversation.”
Meanwhile, Trump’s Turnberry golf resort in Scotland has been vandalized over his recent remarks about the future of Gaza beyond any ceasefire agreement with Israel.
In an appearance on MSNBC this morning, Rep Jamie Raskin said he believed it should have been President Donald Trump censured by Congress following his speech on Tuesday, rather than Democratic Rep Al Green for his protest.
Said Raskin: “Really, if we were censuring anyone, it should’ve been Donald Trump, who I don’t think had been back to our chamber since he incited a violence insurrection against us. And then he used his pulpit in order to call a sitting member of the Senate ‘Pocahontas.’”
White House economic adviser Kevin Hassett expressed hope on Sunday that the dispute with Canada regarding the allegations of deadly fentanyl opioid entering the U.S. through its northern border could be resolved by the end of March.
His remarks on ABC News’s This Week suggest that tariffs, which President Donald Trump is set to reimpose at the end of the month, may be delayed further.
Hassett tried to assert that the on-again, off-again tariffs imposed by Trump on Canada reflect the president’s concerns over drug smuggling.
“We launched a drug war, not a trade war,” he said. “We’ve got the drug war, which we’re hopefully going to solve by the end of the month.”
In reality, Canada accounts for a tiny fraction of drug smuggling into the United States, and it wasn’t immediately clear what progress Hassett was referencing.
Hassett, who leads the White House’s National Economic Council, further confused the issue when he later referred in the interview to America’s “trade war.”
Democratic U.S. Senator Adam Schiff from California, who followed Hassett on ABC, described the adviser’s comments as “incomprehensible.”
“I was just listening to your guest trying to explain that these on-again off-again tariffs are not about trade. It’s a drug war, but next month it’s a trade war, but now it’s a drug war. It was incomprehensible. And he was also trying to say that jobs numbers that came in less than expected are somehow good news. They’re destroying the economy … that’s where we need to keep the focus,” said Schiff.
With reporting from Reuters
President Donald Trump on Sunday would not rule out the possibility of Americans feeling economic hardships including a recession resulting from his efforts to provoke a trade war with Canada, Mexico and other nations.
John Bowden reports.
Kelly Rissman writes:
“Our country is on the verge of a comeback, the likes of which the world has never witnessed, and perhaps will never witness again.”
That is how President Donald Trump described the American dream and the current landscape of the country. But he could have been referring to himself.
Continue reading…
President Donald Trump tells Maria Bartiromo on Sunday Morning Futures on Fox News: “We have a lot of law firms that we’re going to be going after because they were very dishonest people. They were very, very dishonest. We have a lot of law firms that we’re going after.”
Speaking about Elon Musk’s work at the Department of Government Efficiency (DOGE), President Donald Trump claims Maria Bartiromo of Fox News: “Elon Musk found hundreds of billions of dollars worth of fake contracts. What he’s done is make people realize how many people should be cut. Normally, you cut 4% of your workforce. He said cut 50%, 60%, 70%.”
He adds: “He’s actually a real patriot… he’s opened a lot of eyes.”
Donald Trump dismisses “climate lunatics” and talk of global warming.
“They say the ocean is going to rise 1/8 of an inch over the next 300 years. And nobody ever talks about nuclear weapons … they don’t talk about the dangers of a nuclear weapon, which could happen tomorrow.”
President Donald Trump says “I think I’ve been very tough on Russia. Tougher than anybody’s ever been to Russia if you think about it. First of all, we had the Russia, Russia, Russia hoax which was a very bad thing, could have led to a war. That was started by Schiff and all these lowlifes.”
President Donald Trump says Ukrainian President Volodymyr Zelensky is “a smart guy and he’s a tough guy, and he took money out of this country from Biden like taking candy from a baby.”
He adds: “I don’t think he’s grateful.”
Fox News is screening a pre-recorded interview between President Donald Trump and Maria Bartiromo on her show Sunday Morning Futures.
Bartiromo pushed the president on whether his tariffs may trigger a recession.
Trump didn’t rule out the possibility, replying: “I hate to predict things like that [a recession] …. there’s a period of transition … it takes a little time.”
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