<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>US 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 American economy will have a recession this year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In an interview that aired on Fox News' S</span><em><span>unday Morning Futures With Maria Bartiromo</span></em><span>, 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."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Last month, Trump announced 25 per cent tariffs on the US' neighbouring countries. Those were delayed for a month and imposed on Tuesday, until Trump decided last Wednesday to pause tariffs on car makers 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.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/national/ex-cyclone-alfred-2025-flood-emergency-south-east-queensland-northern-nsw-updates-warnings/1ce5b96f-ed35-45a0-8fba-ceb17560ae72" rel="" target="_blank" title="Flood emergency in south-east Queensland"><strong><span>Flood emergency in south-east Queensland</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's a transition into April and after that, I'm not doing this. I told (car makers), 'Look, I'm going to do it this one time,'" said Trump.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But Trump has continued to make changes to tariff plans. On Friday, he threatened new tariffs on Canadian timber and dairy products. Those tariffs could go into effect on Monday.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>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.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/world/trump-says-tariffs-on-mexico-and-canada-could-go-up/210d1776-6608-4aaa-9a43-95e6d495d666" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But Trudeau said last Thursday that these policies risk a trade war between Canada and the US for the foreseeable future.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Meanwhile, US Commerce Secretary Howard Lutnick confirmed on NBC's </span><em><span>Meet the Press</span></em><span> that Trump's promised 25 per cent tariffs on steel and aluminium imports will go into effect on Wednesday and tariffs on Canadian dairy and lumber products will "start on April 2."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/tropical-cyclone-alfred-update-intense-rainfall-across-south-east-queensland-northern-nsw/32313cd1-fc08-440e-ab16-f30e85f48883" target="_blank" title=""><strong><span>'It's crazy': Roof ripped off as Queensland man sleeps</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>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.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Trump administration claims Canada is a "major source" of fentanyl imports, despite Canada being responsible for just 0.2 per cent of illegal imports of the drug into the US.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trade tensions and signs of slowing growth have led to worries that a recession could be looming.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>When asked by Bartiromo if he was expecting a recession this year, Trump said, "I hate to predict things like that. There is a period of transition because what we are doing is very big."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trump added that the transition "takes a little time" and "it's going to be great, ultimately, for the farmer."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The latest consumer survey by the US research organisation The Conference Board showed the share of respondents expecting a recession in the coming year jumped last month to a nine-month high.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The kinds of changes that are occurring under Trump are arguably unprecedented, and it's making people very nervous," Mark Zandi, chief economist at Moody's, told CNN.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If confidence continues to fall for another three months, and consumers actually pack it in, then game over."</span></div></div>