Next, Trump moved to exclude automobiles from the measures. And then on Thursday — two days into the new tariffs — Trump reversed course and said he would delay tariffs on many Canadian and Mexican goods until April 2. (Trump also has boosted tariffs on China by 10%, with retaliation by China expected in the coming days.)

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.