Trump Issues Stock Market Update Amid Recession Fears [Video]

President Donald Trump indicated that he’s optimistic when asked about the current state of the economy on Tuesday after previously sidestepping questions about fears of a potential recession.

Why It Matters

Reacting to the growing fears of a tariff war, the stock market had its worst day of the year this week. Since taking office in January, the president has initiated sweeping changes, including implementing tariffs on Canada, Mexico and China.

Economists have remained divided on whether Trump’s immediate agenda could plunge the country into a recession.

What To Know

While speaking to reporters on Tuesday, Trump was asked about the current state of the stock market and said, “Our country had to do this. We had to go and do this. They’ve taken away, other countries have taken away our business, they’ve taken away our jobs. I did it initially very strongly against as you know China and some others in the first term.”

Continuing, …