• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EconomyDonald Trump

Trump pushes back on recession warnings: ‘the good parts are the Trump economy and the bad parts are the Biden economy’

By
Aamer Madhani
Aamer Madhani
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Aamer Madhani
Aamer Madhani
and
The Associated Press
The Associated Press
Down Arrow Button Icon
May 4, 2025, 10:16 AM ET
President Donald Trump in the Oval Office of the White House on April 18.
President Donald Trump in the Oval Office of the White House on April 18.Alex Brandon—AP Photo

President Donald Trump is circumspect about his duties to uphold due process rights laid out in the Constitution, saying in a new interview that he does not know whether U.S. citizens and noncitizens alike deserve that guarantee.

Recommended Video

He also said he does not think military force will be needed to make Canada the “51st state” and played down the possibility he would look to run for a third term in the White House.

The comments in a wide-ranging, and at moments combative, interview with NBC’s “Meet the Press” came as the Republican president’s efforts to quickly enact his agenda face sharper headwinds with Americans just as his second administration crossed the 100-day mark, according to a recent poll by The Associated Press-NORC Center for Public Affairs Research.

Trump, however, made clear that he is not backing away from a to-do list that he insists the American electorate broadly supported when they elected him in November.

Here are some of the highlights from the interview with NBC’s Kristen Welker that was taped Friday at his Mar-a-Lago property in Florida and aired Sunday.

Trump doesn’t commit to due process

Critics on the left have tried to make the case that Trump is chipping away at due process in the United States. Most notably, they cite the case of Kilmar Abrego Garcia, a Salvadoran man who was living in Maryland when he was mistakenly deported to El Salvador and imprisoned without communication.

Trump says Abrego Garcia is part of a violent transnational gang. The Republican president has sought to turn deportation into a test case for his campaign against illegal immigration despite a Supreme Court order saying the administration must work to return Abrego Garcia to the U.S.

Asked in the interview whether U.S. citizens and noncitizens both deserve due process as laid out in the Fifth Amendment of the Constitution, Trump was noncommittal.

“I don’t know. I’m not, I’m not a lawyer. I don’t know,” Trump said when pressed by Welker.

The Fifth Amendment provides “due process of law,” meaning a person has certain rights when it comes to being prosecuted for a crime. Also, the 14th Amendment says no state can “deny to any person within its jurisdiction the equal protection of the laws.”

Trump said he has “brilliant lawyers … and they are going to obviously follow what the Supreme Court said.”

He said he was pushing to deport “some of the worst, most dangerous people on Earth,” but that courts are getting in his way.

“I was elected to get them the hell out of here, and the courts are holding me from doing it,” Trump said.

Military action against Canada is ‘highly unlikely’

The president has repeatedly threatened that he intends to make Canada the “51st state.”

Before his White House meeting on Tuesday with newly elected Canadian Prime Minister Mark Carney, Trump is not backing away from the rhetoric that has angered Canadians.

Trump, however, told NBC that it was “highly unlikely” that the U.S. would need to use military force to make Canada the 51st state.

He offered less certainty about whether his repeated calls for the U.S. to take over Greenland from NATO-ally Denmark can be achieved without military action.

“Something could happen with Greenland,” Trump said. “I’ll be honest, we need that for national and international security. … I don’t see it with Canada. I just don’t see it, I have to be honest with you.”

President bristles at recession forecasts

Trump said the U.S. economy is in a “transition period” but he expects it to do “fantastically” despite the economic turmoil sparked by his tariffs.

He offered sharp pushback when Welker noted that some Wall Street analysts now say the chances of a recession are increasing.

“Well, you know, you say, some people on Wall Street say,” Trump said. “Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history.”

He also deflected blame for the 0.3% decline in the U.S. economy in the first quarter. He said he was not responsible for it.

“I think the good parts are the Trump economy and the bad parts are the Biden economy because he’s done a terrible job,” referring to his Democratic predecessor, Joe Biden.

Trump doubled down on his recent comments at a Cabinet meeting that children might have to have two dolls instead of 30, denying that is an acknowledgment his tariffs will lead to supply shortages.

“I’m just saying they don’t need to have 30 dolls. They can have three. They don’t need to have 250 pencils. They can have five.”

Trump plays down third-term talk

The president has repeatedly suggested he could seek a third term in the White House even though the 22nd Amendment of the Constitution says that “No person shall be elected to the office of the President more than twice.”

Trump told NBC there is considerable support for him to run for a third term.

“But this is not something I’m looking to do,” Trump said. “I’m looking to have four great years and turn it over to somebody, ideally a great Republican, a great Republican to carry it forward.”

Trump’s previous comments about a third term sometimes seem more about provoking outrage on the political left. The Trump Organization is even selling red caps with the words “Trump 2028.”

But at moments, he has suggested he was seriously looking into a third term. In a late March phone interview with NBC, Trump said, “I’m not joking. There are methods which you could do it.”

So JD Vance in 2028? Marco Rubio? Not so fast.

Trump said in the interview that Vice President JD Vance is doing a “fantastic job” and is “brilliant.” Secretary of State Marco Rubio, whom Trump last week tasked to simultaneously serve as acting national security adviser, is “great,” the president said.

But Trump said it is “far too early” to begin talking about his potential successor.

He is confident that his “Make America Great Again” movement will flourish beyond his time in the White House.

“You look at Marco, you look at JD Vance, who’s fantastic,” Trump said. “You look at — I could name 10, 15, 20 people right now just sitting here. No, I think we have a tremendous party. And you know what I can’t name? I can’t name one Democrat.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Aamer Madhani
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Economy

EconomyAir Travel
‘Airport Dad’ faces reckoning amid long lines as travelers told not to arrive too early: ’90 minutes before departure is all you need’
By John Seewer and The Associated PressMarch 28, 2026
1 hour ago
Real EstateHousing
Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals
By Charlotte Kramon and The Associated PressMarch 28, 2026
2 hours ago
Energyfuel costs
As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs
By Matthew Daly and The Associated PressMarch 28, 2026
2 hours ago
PoliticsWar
Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal
By Samy Magdy, Aamer Madhani, Jon Gambrell and The Associated PressMarch 28, 2026
2 hours ago
EconomyEmployment
The stay-at-home boyfriend is now an economic trend as more women than men go to work
By Catherina GioinoMarch 28, 2026
4 hours ago
rick
AIEntrepreneurship
Meet a 29-year-old blue-collar founder who used AI to triple his revenue in 3 years
By Nick LichtenbergMarch 28, 2026
5 hours ago

Most Popular

Success
Meetings are not work, says Southwest Airlines CEO—and he’s taking action by blocking his calendar every afternoon from Wednesday to Friday 
By Fortune EditorsMarch 27, 2026
1 day ago
Personal Finance
Current price of gold as of March 27, 2026
By Fortune EditorsMarch 27, 2026
1 day ago
AI
Exclusive: Anthropic acknowledges testing new AI model representing ‘step change’ in capabilities, after accidental data leak reveals its existence
By Fortune EditorsMarch 26, 2026
2 days ago
Personal Finance
Current price of silver as of Friday, March 27, 2026
By Fortune EditorsMarch 27, 2026
1 day ago
Economy
‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt
By Fortune EditorsMarch 27, 2026
1 day ago
Success
This AI-proof career faces a 250,000-worker shortage—now the Trump administration is trying to revive the job millennials abandoned
By Fortune EditorsMarch 27, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.