Trump Warns of ‘Transition Period’ for Economy as Tariffs Begin to Take Effect

The president said his tariff strategy is focused on the future, not on short-term fluctuations in the stock market.

President Donald Trump speaks after signing executive orders in the Oval Office of the White House in Washington on March 6, 2025. Alex Wong/Getty Images

WASHINGTON—President Donald Trump said on March 9 that his tariff plan would likely impact the economy, describing it as a “transition period” that would ultimately benefit the country.

“There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America,” Trump said in an interview with Maria Bartiromo, host of Fox News’s “Sunday Morning Futures.”