From the Politics Desk: Trump Downplays Recession Fears, Australia Elections
TL/DR –
President Donald Trump downplayed concerns of a potential economic recession, stating that everything would be fine in the long term even if the US economy underwent a short-term recession. This follows Wall Street analysts’ increasing concerns that the country could face a recession due to Trump’s changing tariff policy. Meanwhile, with trust in the US plummeting in Australia due to global financial turmoil sparked by Trump’s tariffs, the country’s conservative party has been losing voter support over concerns on how the government will handle Trump.
Welcome to NBC News Politics Desk
Welcome to the digital edition of NBC News Politics Desk. We deliver the latest political analysis and reports from the White House, Capitol Hill, and campaign trail. Today, we have exclusive insights from President Donald Trump’s interview.
Trump Dismisses Recession Fears
By Alexandra Marquez
In an interview with “Meet the Press” moderator Kristen Welker, President Donald Trump dismissed concerns about a potential recession, stating the U.S. economy would fare well in the long term despite potential short-term recession risks.
Trump’s optimism comes even as Wall Street analysts express worry over potential recession triggered by his changing tariff policy. The U.S. economy contracted by 0.3% in Q1 2025, mainly due to a drop in exports and a rise in imports before Trump’s expected tariffs.
Trump’s Impact on Australian Election
By Mahalia Dobson
Trump has become a focal point in the upcoming Australian election due to his controversial trade tariffs. The decline in trust for the U.S. in Australia has impacted the conservative party’s support.
Today’s Top Stories
- Trump’s budget proposal prioritizes military and border security funding over public health, education, and clean energy programs.
- Trump threatens to revoke Harvard University’s tax-exempt status. Find out more →
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