Trump speaks out again: The US economy is facing a "transition period" and plays down the risk of economic recession.

U.S. President Donald Trump said that the U.S. economy is facing a "transitional period" and tried to downplay market concerns about economic slowdown. Previously, his tariffs and federal government layoffs measures had caused market turmoil. When asked if the economy would fall into recession this year, Trump said: "I don't want to predict such things. We are in a transitional period because what we are doing is meaningful." Although Trump refused to answer the question, his response is generally consistent with his speech in Congress last week and recent comments from senior officials such as U.S. Treasury Secretary Steven Mnuchin. The core argument of the Trump team is that the prospect of future tax cuts and tariff revenues will stimulate the economy. Trump's erratic tariff policy has made investors uneasy, leading to a sell-off in U.S. technology stocks and violent market fluctuations. Mnuchin said last Friday that the U.S. economy needs to "detox" to break free from dependence on public spending, while bond traders sent signals that the risk of economic stagnation in the U.S. is increasing. Trump spoke at a joint session of Congress on March 4, acknowledging that there may be a "adjustment period" after tariffs take effect. He said in his speech: "There will be some disruptions, but we can accept them. It will not have a big impact." Last week, the U.S. stock market suffered its most serious decline since Trump's election victory four months ago. On March 6, Trump refuted claims that his recent decision to postpone tariffs on Mexico and Canada would affect investors, saying "I don't even look at the stock market," and accusing "globalists" of seeing how wealthy our country will become and not liking it." Since its peak on February 19, the U.S. stock market has fallen by more than 6%. Investors have faced at least seven days of S&P 500 fluctuations of at least 1% during trading hours, and tech stocks such as Nvidia and Tesla, which led the market higher in the past three months, have suffered heavy losses. In a recent interview recorded last week, Trump defended his actions. He said: "We are bringing wealth back to America. This is a big deal."