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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.
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.”
President Donald Trump will maintain his pressure on tariffs regarding Mexico, Canada, and China due to their handling of fentanyl, U.S. Commerce Secretary Howard Lutnick said on Sunday.
“If fentanyl ends, I think these will come off. But if fentanyl does not end, or he’s uncertain about it, he will stay this way until he is comfortable,” Lutnick said in an interview with NBC’s Meet the Press. “This is black and white. You got to save American lives.”
Lutnick said during the interview that U.S. tariffs of 25% on steel and aluminum imports will go into effect as scheduled on Wednesday. Both Canada and Mexico are major exporters of these metals to U.S. markets, with Canada notably representing the largest share of aluminum imports.
Lutnick also pushed back on fears that Trump’s global tariffs would cause a recession in the United States.
“Absolutely not,” he said. “There’s going to be no recession in America.”
However, the commerce secretary acknowledged that the tariffs would result in higher prices for U.S. consumers on imported goods.
“Some products that are made foreign might be more expensive, but American products will get cheaper, and that’s the point,” Lutnick said.
With reporting from Reuters
Donald Trump’s Department of Homeland Security is reportedly performing polygraph tests on agency employees to determine whether staff is leaking information to the media about immigration enforcement operations.
Trump’s border czar, Tom Homan, and Homeland Security Secretary Kristi Noem have both repeatedly blamed lower-than-expected Immigration and Customs Enforcement arrests on alleged leaks to the press that have revealed which cities federal law enforcement officials were targeting.
Alex Woodward reports.
President Donald Trump is golfing this morning at his course in West Palm Beach, a short drive from his home at Mar-a-Lago.
This is his fourteenth-day golfing since returning to the White House on January 20 — and the costs are racking up.
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