Trump Downplays Market Turmoil, Recession Fears

President Donald Trump downplayed a sharp market selloff spurred by worries that his tariff agenda will drag the world’s largest economy into a downturn, saying he did not foresee the US going into a recession.

“I don’t see it at all. I think this country’s going to boom,” Trump said Tuesday at the White House.

Trump added that markets “are going to go up and they’re going to go down. But you know what, we have to rebuild our country.”

Trump’s comments come amid a three-week stretch of market volatility. Stocks fell earlier Tuesday after the president offered fresh tariff threats against Canada, the largest US trading partner. That action saw the S&P 500 Index selloff hit 10% off its February high before buyers moved in to stem the rout. Trump later indicated he would ease off previously announced 50% steel and aluminum tariffs on Canada, which helped further pare losses, though the S&P was still down on the day.

Read more: www.bloomberg.com/news/articles/2025-03-11/trump-s…

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