Commerce Secretary Declares No Recession Likely as Trump Offers Cautious Economic Outlook

Howard Lutnick confidently dismissed recession fears, while President Trump refrained from making definitive economic predictions in separate interviews.

Commerce Secretary Howard Lutnick stated on NBC's 'Meet the Press' that there will be 'no recession in America,' citing anticipated economic growth and significant investments under the Trump administration.
Lutnick emphasized the administration's reciprocal tariff strategy, predicting it will lower global tariffs and attract $1.3 trillion in new investments to the U.S.
President Trump, in a separate interview on Fox News, avoided making a similar guarantee, describing current economic changes as a 'period of transition' tied to his policies.
Trump's recent tariff measures, including delayed implementation for Canada and Mexico until April 2, have drawn criticism, with projections of potential economic disruptions and retaliatory actions from trading partners.
Analysts and major banks, including JP Morgan and Goldman Sachs, have raised concerns about the increasing likelihood of a recession within the next 12 months.