Commerce Secretary Howard Lutnick: 'There’s going to be no recession in America'
Commerce Sec. Howard Lutnick said that Americans should "absolutely not" brace for a recession as President Donald Trump plans to implement far-reaching tariffs.
Commerce Secretary Howard Lutnick said Sunday that Americans should “absolutely not” brace for a recession as President Donald Trump said the United States is in a “period of transition” as the administration plans to implement far-reaching reciprocal tariffs on goods from foreign countries.
“There’s going to be no recession in America. ... Global tariffs are going to come down because President Trump has said, ‘You want to charge us 100%? We’re going to charge you 100%,’” Lutnick told NBC News’ “Meet the Press.”
Lutnick argued that Trump plans to “unleash America out to the world” and “grow our economy in a way we’ve never grown before.”
“So, if Donald Trump is bringing growth to America, I would never bet on recession, no chance,” the commerce secretary added.
In a separate interview on Fox News' "Sunday Morning Futures," host Maria Bartiromo asked Trump whether he expects a recession this year.
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