"The transition period will take some time!" Trump does not rule out the possibility of a U.S. recession or rising inflation, downplaying the impact of the decline in U.S. stocks

As tariff policies and recession fears trigger turmoil in global markets, Trump refuses to clearly predict tariff policies, emphasizing a "transition period."

On Monday, March 10, as Asian markets opened, U.S. stock index futures collectively opened lower, with S&P 500 futures down over 1%, and U.S. Treasury yields quickly declining. According to CCTV News, on the 9th local time, U.S. President Trump downplayed the recent significant fluctuations in the stock market caused by his imposition and adjustment of tariffs during an interview, stating that one should not focus too much on the stock market.

Trump stated:

"I hate predicting things like this. We are in a transition period because what we are doing is very significant... We are bringing wealth back to America, which is a big deal, and there will always be a transition period that takes a little time."

When asked whether his tariff policies would drive up inflation, Trump bluntly replied:

"It might. But at the same time, guess what? Interest rates are going down."

"Tariffs may rise over time. They might go up; I don't know if that's predictable."

Over the past week, multiple changes in tariff policies by the Trump administration have led to severe market fluctuations. Last Tuesday, Trump imposed a 25% tariff on all imported goods from Canada and Mexico, but later decided to postpone its implementation.

According to Xinhua News Agency, last Wednesday, the Trump administration granted a one-month tariff exemption to three major automakers, including Ford, and on Thursday expanded the exemption to all goods that comply with the 2020 US-Mexico-Canada Agreement rules. Meanwhile, the policy of imposing a 25% tariff on steel and aluminum imports will take effect this week