Trump Accepts Short-Term Recession for Long-Term Economic Goals

President Donald Trump has downplayed concerns over a possible recession, saying that short-term economic pain is acceptable if it leads to achieving his long-term economic goals. In an interview with NBC News, Trump referred to the current period as a 'transition,' expressing optimism about the future and stating, 'I think we're going to do fantastically.' He dismissed warnings from some Wall Street analysts about the negative impact of his tariffs and trade policies, instead highlighting that others predict historic economic success. Recent economic data showed a 0.3% contraction in U.S. GDP in the first quarter, which Trump attributed to necessary adjustments during this transition period. Trump acknowledged that his trade measures could result in higher prices and product shortages for consumers but insisted these were manageable in pursuit of greater prosperity. The president maintained that the long-term benefits of his approach would outweigh any short-term hardships.