


President Donald Trump danced around the possibility of his tariffs causing a recession and downplayed how bad that could be, telling NBC News that it would just be part of a “transition period.”
Excerpts of the interview were released Friday ahead of it airing on “Meet The Press” on Sunday. The conversation kicked off when host Kristen Welker asked Trump if he was “comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals.” The president avoided a direct answer.
“Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them?” he said, repeating nearly the same answer when Welker asked again. “There are many people on Wall Street who say this is going to be the greatest windfall to ever happen,” Trump replied.
When asked a third time, Trump seemed to acknowledge his tariffs could cause Americans some financial pain.
“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,” he said.

“Anything can happen,” he continued ― a far cry from promises he made on the campaign trail to “immediately bring prices down, starting on day one.”
As economists maintain that Trump’s 145% tariff on China in particular poses a serious threat of a recession, the president has had to concede that a hit to the economy is a real possibility. At a Cabinet meeting Wednesday, he said kids may just have to go with fewer toys under his policies.
“Maybe the children will have two dolls instead of 30, and maybe the two dolls will cost a couple of bucks more than they would normally,” he said when asked about the prospect of stores having empty shelves.
Last month, he told reporters aboard Air Force One that tariffs were a bitter pill Americans would have to swallow.