Washington, March 10 -- While declining to rule out a potential recession, US President Donald Trump has described the nation's financial situation as a "period of transition" despite mounting instability in the global markets.
The Republican President's remarks came amidst the US participating in an aggravating commercial litigation with key partners, including China, Mexico and Canada.
During a pre-recorded Fox News interview, Trump was asked about the risk of an economy downturn, to which he responded, "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."
The US-China trade war has intensified with Beijing imposing retalia...