In an interview with Fox News’s Laura Ingraham that night, the MAGA leader once again ducked and dodged direct questioning on whether his policies would result in an American recession.
“What can you say to Americans tonight who are concerned about the possibility of a recession, given the fact that you’re trying to reorient the economy to a manufacturing economy again?” the Fox host continued.
“I had a stock market that went up 88 percent, 88 percent, number one in history. The other markets went up 66 percent, and I think like 71 percent,” he continued.
“Will we see a recession in 2025? Are you ruling it out?” Ingraham pressed.
“Now, some people are unhappy, because it has to come from somewhere. Some of it’s going to come from Europe, because not everybody’s going to be doing as much business maybe in Europe and other places. But I can only speak for the United States. And I am a nationalist, and I’m proud of it. I love this country. And I want to help other countries too.”
Asked about the possibility of a recession, Trump claims the country was “finished” if he wasn’t elected pic.twitter.com/zlbxEpjHEN
— Aaron Rupar (@atrupar) March 19, 2025Economic experts have always cautioned that Trump’s tariff plan would hurt the country. In a joint letter released before the election, nearly two dozen Nobel Prize-winning economists formally warned against Trump’s economic plan, arguing that the MAGA leader’s stiff tariff increases and tax cuts would spell disaster for the average American.
“This is a ‘stop or I’ll shoot myself in the foot’ threat. It defies economic logic,” economist Larry Summers told CNN at the time. “It means higher prices for consumers. It means more expensive inputs for American producers.”
Earlier this month, Trump floated that the “little disruption” caused by his aggressive trade policies could go on for quite a bit longer, suggesting that Americans should model their economic projections on a 100-year-model—like China—rather than assess his performance on a quarterly basis.
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