Trump has sought to place the blame at the feet of his predecessor, former President Joe Biden, arguing that the volatility of the stock market was caused by Biden, and not his own aggressive tariff stance. “This is Biden’s Stock Market, not Trump’s,’’ Trump posted on Truth Social.

President Donald Trump appeared to dismiss growing concerns that his economic policies could cause a recession, telling NBC News that the economy would be “OK” in the long term even if a recession happens in the near future.

President Trump weighed in on whether the U.S. will enter a recession, saying during an interview that “anything can happen,” but argued country’s economic state will be “OK” in the long-term.