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.

President Donald Trump said on Tuesday he has instructed his commerce secretary to add an additional 25% tariff on all steel and aluminum coming into the United States from Canada, bringing the total tariff on those products to 50%.

President Donald Trump signaled two big things this past weekend on the tariff front. One is that he is pressing forward with his full slate of tariffs on Canada and Mexico next month, despite the economic pain that has already arrived — and despite two month-long delays.