"I hate to predict things like that," Trump said when pressed about the possibility of a recession during a recorded interview that aired on "Sunday Morning Futures with Maria Bartiromo."

Trump himself remained out of public view Monday as the Dow Jones Industrial Average fell more than 2% and the Nasdaq dropped 4% in its worst trading day since 2022.

President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”