Alex Wong/Getty ImagesDonald Trump isn't willing to rule a recession as his tariffs spark concern for the US economy.The president said "I hate to predict things like that" when asked if he was expecting a downturn this year.Major US stock indexes dropped on Monday after Trump said the US is in a "period of transition."Donald Trump isn't willing to rule out a possible recession in 2025 as his tariff policy fuels economic concern.Appearing on Fox News' "Sunday Morning Futures," the president was asked if he was expecting a recession, prompting the response "I hate to predict things like that."He added: "There is a period of transition, because what we're doing is very big. We're bringing back wealth to America. That's a big thing, and there are always periods of, it takes a little time, it takes a little time."US stock indexes weren't reassured by Trump's response, falling sharply on Monday after capping its worst weekly loss in months on Friday. The S&P 500 and Dow Jones industrial average fell roughly 1% apiece, while the tech-heavy Nasdaq — already in correction territory — lost 2%.The recent weakness reflects growing concerns around an economic slowdown, particularly as Trump has followed through with his plans to levy tariffs and implement sweeping job cuts across the federal government.According to the online betting platform Polymarket, the priced-in odds of a recession climbed to 41% on Monday, up from 20% in early January.!function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r
