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US President Trump does not rule out the possibility of a US recession

US President Trump does not rule out the possibility of a US recession

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Technology stocks bore the brunt of the selloff, pushing the Nasdaq deeper into correction territory. The decline was attributed to Trump's refusal to rule out a recession, rather than any specific economic indicators or data.

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Donald Trump
Republican Party
1. If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters, and you can't go by that. You have to do what's right.
2. You may get it. In the meantime, guess what? Interest rates are down.
3. There is a period of transition, because what we're doing is very big. We're bringing wealth back to America. That's a big thing. And there are always periods of — it takes a little time. It takes a little time. But I think it should be great for us. I mean, I think it should be great.
4. Elon Musk is 'putting it on the line' in order to help our Nation, and he is doing a FANTASTIC JOB!
Rand Paul
Republican Party
1. The market indexes are a distillation of sentiment. When the markets tumble like this in response to tariffs, it pays to listen.
Howard Lutnick
US Department of Commerce
1. There's going to be no recession in America.
2. Donald Trump is a winner. He's going to win for the American people. That's just the way it's going to be.
3. What there's going to be is, global tariffs are going to come down because President Trump has said, 'You want to charge us 100 per cent? We're going to charge you 100 per cent.'
CNBC
1. We had a roller coaster last week, we had some up days, we had some down days – and all a function of what is coming out of the Oval Office, which is just complete indecisiveness, confusion and mixed messaging and the investing community losing confidence in the whole situation.
Elizabeth Warren
Democratic Party
1. We're in real economic trouble thanks to the President, and right now, the stock market is a flashing warning light.
Kush Desai
White House
1. Since President Trump was elected, industry leaders have responded to President Trump's America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs.
Susannah Streeter
Hargreaves Lansdown
1. The prospect of a recession in the US is lurking, with consumer confidence falling, companies facing increasing trade complexity and investors turning more nervous.
2. Unease about the effect of Trump's tariffs hangs over financial markets at the start of the week.
Ayako Yoshioka
Wealth Enhancement
1. A lot of what has worked is not working now.