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Post Reports

Is Trump leading us into a recession?

Post Reports

The Washington Post

Daily News, Politics, News

4.45.1K Ratings

🗓️ 10 March 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

In an interview broadcast on Sunday, President Donald Trump declined to rule out that Americans could see a recession this year as the economy stutters from his efforts to impose tariffs and cut down the size of the federal government

He told Fox News anchor Maria Bartiromo, “I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing.”

Today on “Post Reports,” economics correspondent Abha Bhattarai joins host Colby Itkowitz to talk about the economic indicators informing the Trump administration, how businesses and consumers are handling inflation, and whether we’re headed toward a recession. 

Today’s show was produced by Sabby Robinson with help from Rennie Svirnovskiy. It was edited by Maggie Penman and mixed by Sam Bair. 

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Where’s Martine?

Transcript

Click on a timestamp to play from that location

0:00.0

Marcy Brown lives in Baton Rouge, Louisiana. She and her family have had to make a lot of changes to their lifestyle in the past couple months. They canceled streaming services, her husband has picked up extra shifts at work, and their daughters decide to live at home rather than live on her college campus. They've had to make all of these changes because of how expensive it's become to live.

0:21.3

We usually buy our eggs in five dozen cartons, if that makes any sense.

0:25.5

The flats of five dozen or boxes of five dozen.

0:28.1

And what I was paying $18 for three months ago, I paid $30 for this month.

0:36.9

Marcy hasn't just been noticing the price of eggs going up.

0:40.4

It's other things, too. It's now cheaper for her to buy shrimp than hamburger because the price

0:45.1

of beef is up. Her coffee is almost double the price it was last year. And now that President

0:50.3

Trump is proposing tariffs on Mexico and Canada. She's worried that it'll just get harder for her family.

0:56.5

Look at how much produce comes into our country from Mexico. I mean, there's produce. You can't even get American grown anymore.

1:05.2

And, you know, you sit there and you say, oh, it's a tax on the country that gets passed on to the consumer.

1:10.2

You just made it harder for the little person gets passed on to the consumer. You just made it

1:11.0

harder for the little person to be able to afford something. Marcy didn't vote for anyone

1:19.3

for president. She didn't like either candidate. But now, just months into Trump's presidency,

1:24.5

she's worried that his policies are making her life worse.

1:32.1

So it's still very early in President Trump's second term, but we're already starting to see changes ripple through the economy. We saw new tariffs go into effect last week. Some of those

1:37.8

were pulled back. Some of them weren't. There's a lot of uncertainty out there.

1:41.9

That's my colleague, Ababatri. She reports on the economy for the

1:45.3

post. And at the same time, Elon Musk's Doge Service has been laying off federal workers,

1:51.8

cutting off funding, just, you know, shuddering entire agencies. And that's having real ripple

1:57.1

effects as well. Over the weekend, President Trump declined to rule out the fear that

2:02.4

we might fall into a recession soon. He's been saying that there's going to be a little bit

2:06.4

of disturbance in the economy as he overhauls things and that Americans are just going to have

...

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