Trump Downplays Recession Fears Amid Economic Concerns
President Trump assures the economy will be fine despite short-term recession fears, as new job growth figures and trade policy impact economic sentiment.
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Trump’s economic policies — and particularly the trade war he has ignited with his whipsaw, abrupt tariffs — have already sent the world’s largest economy into reverse: Gross domestic product, which measures all the goods and services produced in the economy, registered at an annualized rate of -0.3% in the first quarter, as businesses hoarded goods and consumer spending decelerated, the Commerce Department said Wednesday.
Trump shrugs off recession fears, saying a downturn would be OK in the long term | Business
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Trust in the United States is plummeting in Australia, which votes Saturday amid global financial turmoil sparked by tariffs Trump has imposed on trading partners around the world including Australia, a U.S. ally and vital security partner in countering China.
Trump speaks on economic worries and roils foreign elections: From the Politics Desk
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American workers have at least one thing going for them.
Employers added a surprising 177,000 jobs as job market shows resilience. Unemployment stays at 4.2%
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The report showed that 518,000 people entered the labor force, and the percentage of those working or looking for work ticked up slightly.
Employers added a surprising 177,000 jobs, unemployment remains low, as job market shows resilience
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The resilience of the US jobs market over the last few years has surprised analysts, helping to sustain spending even as households faced rising prices and a sharp jump in interest rates.
US jobs grow by more than expected in April despite tariff turmoil
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Hiring in the US slowed in April, according to official figures, with the workforce adding 177,000 jobs as Donald Trump’s aggressive trade strategy clouded the economic outlook.
US jobs market better than expected even as hiring slowed in April
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However, hopes that Trump may eventually roll back some of his tariffs after reaching trade deals with other countries has helped to support markets this week.
Stock market today: Wall Street points toward gains as China considers US overtures on tariffs
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Still, recession fears are mounting on Wall Street as Trump's tariffs threaten to upend global trade.
Hiring slowed in April amid turmoil set off by Trump's 'Liberation Day' tariffs
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The health of the job market will be an important factor in whether the economy continues to shrink or begins to rebound.
The U.S. job market cooled as Trump's trade war heated up
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The U.S. labor market remains solid amid a backdrop of uncertainty as the economy created a higher-than-expected number of new jobs.
US Economy Adds 177,000 New Jobs in April, Tops Market Estimates
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The labor market in April straddled the line between the solid economy that prevailed before Trump announced sweeping reciprocal tariffs on April 2 and the uncertainty that has since undercut consumer and business confidence.
April jobs report: Employers added robust 177,000 jobs as Trump's tariffs kicked in
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Job gains in the past two months were both revised, with job creation in February revised down by 15,000 from a gain of 117,000 to 102,000; and March job gains downwardly revised by 43,000 from a gain of 228,000 to 185,000.
US job growth cooled in April amid economic uncertainty
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Employers Add a Surprising 177K Jobs, Unemployment Still 4.2%
Newsmax·1d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.The ADP number often diverges from the government’s monthly jobs data, but on Thursday the U.S. Labor Department reported that the number of Americans applying for unemployment benefits rose last week to the highest level since February.
Waiting for a shoe to drop in the US jobs market
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Summary
In April, the US labor market added 177,000 jobs, exceeding expectations despite fears surrounding Trump's trade wars. The unemployment rate held at 4.2%. Amid these figures, President Trump stated the U.S. economy would be 'OK' long-term, even contemplating a short-term recession. Wall Street analysts express heightened concerns about an economic downturn due to Trump's tariff policies. The recent GDP report showed a 0.3% contraction in Q1 2025, driven by declining exports and increasing imports. Economists caution that while job growth seems strong, potential impacts from trade wars could adversely affect consumer confidence and future job expansion.
Perspectives
Trump downplays recession fears, asserting a focus on long-term economic success despite possible short-term setbacks.
While analysts express concerns over Trump's tariff policy's impact on the economy, Trump confidently claims that the U.S. is in a 'transition period' that will lead to future prosperity.
Trump blames previous administration policies for recent economic downturns, positioning tariffs as necessary for America's economic revival.
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