Lutnick indicated the tariffs that go into effect on April 2 will continue until Trump is “comfortable” with how both countries are handling the flow of fentanyl, comments tha

President Donald Trump did not deny there could be a recession this year under his leadership, telling Fox News there would be a “period of transition” as his economic policies take effect, as the president’s rapidly shifting tariffs on goods from Mexico and Canada have rattled the stock market and led to warnings of an economic downturn.

U.S. tariffs that took effect on Tuesday are threatening to derail Canada's fledgling economic recovery and will fuel rise in consumer prices and unemployment, potentially triggering a recession. Canada relies on the United States for 75% of its exports and a third of all imports.

Explore how tariffs on Canada, Mexico, and China impact U.S. consumers, businesses, and markets, risking economic growth and sparking recession fears.

Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession.

Trump refuses to rule out recession and new Canadian PM Mark Carney vows to win trade war: Live - President’s remarks follow turbulent week as markets rattled by series of chaotic tariff announcements

President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”

Risks to the Mexican, Canadian and American economies are piling up amid a chaotic implementation of U.S. tariffs that has created deep uncertainties for businesses and decision-makers, according to Reuters polls of economists taken this week.

Could the 'Trump slump' become a 'Trumpcession'? The implications of the president's tariff regime face a second week of close financial market scrutiny following a big shift in risk sentiment.

Trump’s acknowledgment of economic turbulence was a reversal from previous cheering of his policies, and it contrasted with reassurances from his own advisers Sunday.