President Donald Trump is confident that the country’s economy has a bright future — but he isn’t ruling out a 2025 recession just yet.

“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.”

The president touted his unconventional use of tariffs on allies and efforts to drastically cut down the country’s federal workforce. But when Bartiromo asked about rising fear of an economic slowdown, he didn’t rule out a recession — or the potential growing pains involved in achieving his economic agenda.

“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 rosy economic outlook that greeted Trump’s return to the White House has dimmed in recent weeks. The unemployment rate ticked up to 4.1% in February, boosted by firings in the public sector. And consumer confidence fell by the most in any given month since August 2021.

American consumers share concerns that tariffs will raise prices on everyday goods, while corporate CEOs are eager for clarity as the president has continually announced and then rolled back new tariff packages. His moves last week, levying and then delaying 25 percent tariffs on a major chunk of Mexican and Canadian goods until April, are just the latest example. The confusion has sent markets scrambling. The S&P 500 fell by more than 3 percent on the week.

Trump has used tariffs to pressure Canada and Mexico to stem the flow of fentanyl. But he also views them as a vital tool in rewiring the American economy to focus more on manufacturing and production.

“What I have to do is build a strong country. You can’t really watch the stock market,” Trump told Bartiromo. “If you look at China they have a hundred-year perspective. We have a quarter. We go by quarters. And you can’t go by that. You have to do what’s right. What we’re doing is, we’re building a tremendous foundation for the future.”

And his message for manufacturers?

“Build it here. There’s no tariff.”

While Trump plays a cautious tune, others in the administration are far more bullish on the president’s prospects for riding out the economic uncertainty. Just ask Commerce Secretary Howard Lutnick, who said Sunday on NBC’s “Meet the Press” that Americans should “absolutely not” brace for a recession.

“Anybody who bets against Donald Trump,” Lutnick told moderator Kristen Welker. “It’s like the same people who thought Donald Trump wasn’t a winner a year ago. Donald Trump is a winner. He’s going to win for the American people. That’s just the way it’s going to be. There’s going to be no recession in America.”

Russian strikes overnight had killed at least 12 people in eastern Ukraine as of Saturday morning, the country’s emergency service said, days ahead of talks in Saudi Arabia between US and Ukrainian negotiators aimed at a truce.

A Russian assault hit the centre of Dobropillia in Ukraine’s Donetsk region late Friday, killing 11 people and wounding 30, according to the emergency service.

Separately, one person was killed in a drone attack and seven others wounded early Saturday in the city of Bogodukhiv, said Kharkiv region military head Oleg Synegubov.

The overnight air raids come after US President Donald Trump threatened new sanctions and tariffs on Russia but said it may be “easier” to work with Moscow than Kyiv on efforts to end the three-year war.

After Trump publicly berated Ukrainian leader Volodymyr Zelensky during a White House meeting and suspended US aid to Kyiv in a stated bid to encourage diplomacy, the US president told reporters Friday that he trusted Russian President Vladimir Putin.

“I’m finding it more difficult frankly to deal with Ukraine and they don’t have the cards,” Trump said. “It may be easier dealing with Russia.”

The remarks followed Trump earlier Friday threatening new sanctions and tariffs on Russia over its bombardments of Ukraine — his warning coming just hours after Moscow launched a “massive” drone and missile attack on Ukrainian energy facilities.

“Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” Trump wrote on his Truth Social platform.

“To Russia and Ukraine, get to the table right now, before it is too late,” he added.

US Secretary of State Marco Rubio also spoke with his Ukrainian counterpart, Andrii Sybiha, on the phone Friday.

On the call, Rubio underscored Trump’s goal of ending the three-year war quickly, and emphasized that “all sides must take steps to secure a sustainable peace”, State Department spokesperson Tammy Bruce said in a statement.

– ‘Interested in peace’ –

Zelensky is due to land in Saudi Arabia on Monday for talks with Crown Prince Mohammed bin Salman.

The meeting is a day before Ukrainian officials are expected to hold fresh talks with their US counterparts on Tuesday in the Middle Eastern kingdom.

After meeting with Prince Mohammed, Zelensky said his team “will remain in Saudi Arabia to work with our American partners”.

“Ukraine is most interested in peace,” he added.

Earlier on Friday, he renewed calls for a mutual halt to aerial attacks on critical infrastructure following the recent Russian barrage.

The Ukrainian leader said the first steps to establishing real peace should be stopping both Russian and Ukrainian aerial and naval attacks.

This latest proposal builds on growing rhetoric from Kyiv, Washington and Moscow on halting the war.

The Kremlin has previously ruled out a temporary ceasefire in Ukraine.

Moscow’s defence ministry said Saturday its air defence systems destroyed 31 Ukrainian drones over the past night, with most over the territory of Krasnodar Krai.

A Ukrainian drone attack also targeted Russia’s Kirishi oil refinery, with air defence forces shooting down one drone on approach and another over the territory of the facility, Leningrad governor Aleksandr Drozdenko wrote in a post, adding that the “external structure of one of the reservoirs was damaged by falling debris”.

A civilian was wounded by a drone attack in Belgorod district near the border, Belgorod governor Vyacheslav Gladkov wrote on Telegram.

– Talks on track –

Russia’s defence ministry confirmed earlier Friday it had carried out “precision” strikes on energy facilities.

The Ukrainian air force said it had deployed French Mirage fighter jets — delivered to Ukraine last month — for the first time to repel the aerial onslaught.

DTEK, the largest private energy supplier in Ukraine, said its facilities in the Black Sea region of Odesa had been targeted for a fourth night.

Its gas facilities in the central Poltava region had “ceased operations” after being struck in the overnight attack, it added.

State gas company Naftogaz said its production facilities had been damaged.

Ukraine’s energy minister German Galushchenko said Russia was trying to “hurt ordinary Ukrainians by shelling energy and gas production facilities”.

The latest air raids came after EU leaders, shaken by the prospect of US disengagement, agreed to boost the bloc’s defences.

Washington, however, has said talks with Kyiv were back on track to secure a ceasefire with Moscow — after the public falling out between Trump and Zelensky.

US envoy Steve Witkoff said he would speak to Ukrainian negotiators about an “initial ceasefire” with Russia and a “framework” for a longer agreement at the talks in Saudi Arabia.

AFP

US President Donald Trump on Friday threatened new sanctions and tariffs on Russia over its bombardments of Ukraine, after previously suspending US aid to Kyiv in a stated bid to encourage diplomacy.

But in comments later Friday, he said it was “easier” to work with Russia than Ukraine in efforts to end the war.

Trump’s warning to Moscow, published on his Truth Social platform, came hours after Russia launched a “massive” drone and missile attack on Ukrainian energy facilities Friday.

“Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” Trump wrote.

“To Russia and Ukraine, get to the table right now, before it is too late,” he added.

Kevin Hassett, director of the president’s National Economic Council echoed this message in comments to reporters on Friday.

“President Trump is adamant that we need to get everybody to the table, and we could do that with carrots, and we can do that with sticks,” he said.

Talking to reporters Friday after his post online, Trump said he trusted Putin. “I believe him,” he said.

“I’m finding it more difficult frankly to deal with Ukraine and they don’t have the cards,” he said. “It may be easier dealing with Russia.”

– ‘Force Russia to stop’ –

Ukraine’s President Volodymyr Zelensky is due to meet US officials in Saudi Arabia next week for a fresh round of talks.

“The theme is clear: peace as soon as possible, security as reliable as possible,” he said in his evening address Friday.

“Ukraine is determined to be very constructive.”

Earlier on Friday, he renewed calls for a mutual halt to aerial attacks on critical infrastructure following the latest Russian barrage.

The Ukrainian leader said the first steps to establishing real peace should be stopping both Russian and Ukrainian aerial and naval attacks.

This latest proposal builds on growing rhetoric from Kyiv, Washington and Moscow on halting the war, now in its fourth year.

Ukraine’s allies abroad have voiced support for Zelensky’s truce proposal and on Friday Turkish leader Recep Tayyip Erdogan, who recently hosted the Ukrainian leader, also gave it his backing.

The Kremlin has previously ruled out a temporary ceasefire in Ukraine.

– Air and sea truce –

Russia’s defence ministry confirmed Friday it had carried out “precision” strikes on energy facilities.

The Ukrainian air force said it had deployed French Mirage fighter jets — delivered to Ukraine last month — for the first time to repel the aerial onslaught.

They said the fighter jets along with air-defence units shot down 34 of the missiles and 100 drones.

DTEK, the largest private energy supplier in Ukraine, said its facilities in the Black Sea region of Odesa had been targeted for a fourth successive night.

Its gas facilities in the central Poltava region had “ceased operations” after being struck in the overnight attack, it added.

State gas company Naftogaz said its production facilities had been damaged, and the authorities in at least five Ukrainian regions said Russia had targeted energy facilities.

The latest Russian air assault came after EU leaders, shaken by the prospect of US disengagement, agreed to boost the bloc’s defences.

– US, Ukrainian officials to meet –

EU chiefs on Friday briefed several NATO partners — including Britain and Turkey — about the outcome of a meeting on defence of the bloc’s leaders in Brussels a day earlier.

“Our cooperation with likeminded NATO partners is vital for international security. For Ukraine. For stepping up our joint efforts on defence,” Antonio Costa, who heads the European Council of EU states, said in a post on X.

Washington said talks with Kyiv were back on track to secure a ceasefire with Moscow — after a public falling out between Trump and Zelensky last Friday.

Ahead of Tuesday’s meetings with US officials, Zelensky himself will travel to Saudi Arabia on Monday for talks with Crown Prince Mohammed bin Salman.

US envoy Steve Witkoff said he would speak to Ukrainian negotiators about an “initial ceasefire” with Russia and a “framework” for a longer agreement.

Ukraine’s energy minister German Galushchenko said Russia was trying to “hurt ordinary Ukrainians by shelling energy and gas production facilities”.

Five civilians were killed and nine wounded in Russian strikes in the Donetsk region, the prosecutor’s office there announced Friday.

Eight people were wounded in a strike on Kharkiv Friday, city officials said.