Trump admitted the US is in a 'period of transition' but didn't rule out the possibility of a recession

Trump admitted the US is in a 'period of transition' but didn't rule out the possibility of a recession

Megan Varner/Getty Images

President Donald Trump downplayed economic uncertainty over his tariffs, saying a "period of transition" is headed for the US economy as it adjusts. But he notably did not rule out a recession in the near future.

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