> Trump says he doesn't see a recession 'at all' despite brutal stock market selloff and jitters
Trump says he doesn't see a recession 'at all' despite brutal stock market selloff and jitters
Clip ID 2313258
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
U.S. President Donald Trump said he doesn't see a recession 'at all' despite brutal stock market selloff on Monday and ongoing jitters Tuesday.
"I don't see it at all," Trump answered a reporter's question on fears of an economic recession. "I think this country is going to boom," he said.
Shortly before Trump spoke at the White House, Ontario Premier Doug Ford said that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove the surcharge on electricity sold to the United States.
Ford said he was confident the U.S. president would also stand down on his own plans for 50% tariffs on Canadian steel and aluminum.
"I'm looking at that but probably so," Trump said of not imposing additional tariffs on Canada.
Responding to further questions, Trump said he "appreciated" Ford's call. "I thought it was nice. "
The U.S. stock market fell further Tuesday following Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. And like it's been most of the past few weeks, the market’s slide on Tuesday was erratic and dizzying.
Such head-spinning moves are becoming routine in what’s been a scary ride for investors as Trump tries to remake the country and world through tariffs and other policies. Stocks have been heaving mostly lower on uncertainty about how much pain Trump is willing for the economy to endure in order to get what he wants.