Trump says tariffs on Mexico and Canada ‘could go up,’ declines to predict possible recession
CNN
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.
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. In an interview that aired on Fox News’ “Sunday Morning Futures With Maria Bartiromo,” Trump said reciprocal tariffs would go into effect on April 2 and the one-month reprieve granted to Mexico and Canada was a “little bit of a break.” In February, Trump announced 25% tariffs on the United States’ neighboring countries. Those were delayed for a month and imposed on Tuesday, until Trump decided on Wednesday to pause tariffs on automakers for another month. He again changed course on Thursday, pausing tariffs on Mexican and Canadian goods covered by the USMCA free trade treaty until April. “It’s a transition into April and after that, I’m not doing this. I told (automakers), ‘Look, I’m going to do it this one time,’” said Trump. But Trump has continued to make changes to tariff plans. On Friday, he threatened new tariffs on Canadian lumber and dairy products. Those tariffs could go into effect on Monday. After Trump announced the latest one-month pause on most tariffs, Mexico’s President Claudia Sheinbaum decided to hold off on retaliatory tariffs. Canadian Prime Minister Justin Trudeau has said that Canada’s retaliatory measures will remain in place.
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