President Donald Trump said tariffs on some goods from Canada and Mexico planned for April 2 “could go up,” and would not predict whether the United States will have a recession in 2025.

Donald Trump declared tariffs will be the “best thing” the US has ever done, despite refusing to rule out a recession. Speaking on board Air Force One on Sunday (9 March), the president said the tariffs he has imposed will make the US “rich again.

WASHINGTON—President Trump declined to rule out that the U.S. economy would contract this year and enter a recession, saying that his sweeping economic agenda could cause short-term turbulence that he believed would drive future prosperity.