Trump doesn't rule out recession as trade war stirs uncertainty

As President Donald Trump doubles down on his escalating trade war against some of the country’s biggest economic partners, he is declining to rule out a recession as economic uncertainty grows. Meanwhile, tariffs on foreign steel and aluminum products are set to take effect Wednesday as the administration considers additional levies on Canadian lumber and dairy products. NBC’s Christine Romans reports for TODAY.

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Eye Opener: President Trump declines to rule out possible recession

President Trump doesn't rule out a possible recession while Canada's new prime minister talks tough on the trade war with the U.S. Also, House Republicans unveiled a plan to prevent a government ...
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President Trump doesn't rule out a recession amid tariffs against allies

President Trump on Sunday defended his tariffs against some of the United States' allies. However, the continental trade war has rattled global markets and sparked concerns about a possible ...
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Stocks slump after Trump declines to rule out recession amid trade war

The major stock indexes tumbled in early trading on Monday.
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‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

US president downplays recent stock market volatility that followed his ducking and weaving over tariff policy. US politics live – latest updates Donald Trump on Sunday refused to rule out the ...
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Trump doesn't rule out recession, rising inflation

In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...
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Would Trump Risk a Recession?

The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.
The New York Times - 7h
Trump does not rule out recession as he rejects business fears over tariffs

US administration concedes some prices might rise as fears grow of trade chaos causing disruption
Financial Times - 1d
Trump doesn't rule out possibility of recession, Chinese retaliatory tariffs go into effect

President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. ...
CBS News - 6h
Trump Declines to Rule Out Recession as Tariffs Begin to Bite

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.”
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Trump Won’t Rule Out a Recession, and a Crackdown on Campus Protests

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Trump 2nd term live updates: Trump declines to rule out recession, defends tariffs

President Donald Trump spoke with reporters on Air Force One, where he defended tariffs, saying they will be the "greatest thing we've ever done as a country."
ABC News - 22m
U.S. stock futures fall after a rough week on Wall Street, as Trump won’t rule out recession

U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.
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Trump economic adviser: US 'launched a drug war, not a trade war' with Mexico, Canada

Kevin Hassett, the Trump administration’s National Economic Council director, said the United States has not launched a trade war with Mexico and Canada but “a drug war.” Hassett joined ABC News’s ...
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This Is Who Loses in a Trade War

Europe, not Canada, Mexico or China, is most vulnerable to the fallout from Donald Trump’s mercantilist policies.
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Ontario slaps 25% increase on electricity exports to the U.S. in response to Trump's trade war

Ontario is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war, the province's premier, Doug Ford, said.
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Canada's next prime minister managed the financial crisis, then Brexit and now Trump's trade war

Canada’s next prime minister has helped run two Group of Seven economies in crisis before and now will try to steer Canada through a looming trade war brought by U.S. President Donald Trump, a ...
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China returns fire in Trump’s trade war

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'We launched a drug war, not a trade war': NEC director

President Trump’s top economic aide Kevin Hassett was interviewed on "This Week."
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Martin Wolf talks to Keyu Jin: Has China’s economy run out of gas?

The property crash and trade war are taking their toll
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China preparing for a protracted trade war with U.S.

China announced retaliatory tariffs on U.S. agricultural products and targeted 25 American companies in response to the now 20% blanket tariffs President Trump placed on all Chinese goods. Anna ...
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Harvard freezes hiring amid financial 'uncertainties' driven by Trump policies

Harvard University says it is freezing hiring for faculty and staff amid financial “uncertainties” driven by the Trump administration. “Universities throughout the nation face substantial financial ...
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Canada to choose new leader to face Trump in trade war with US

Former central banker Mark Carney favoured over Chrystia Freeland to replace Justin Trudeau as Liberal party head
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Canada's next PM Mark Carney vows to win trade war with Trump

The 59-year-old political newcomer says he will keep tariffs on US imports "until the Americans show us respect".
BBC News - 16h
Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet

Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards just yet.
CNBC - 5h
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance

The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.
The New York Times - 3d
One of Wall Street’s biggest bulls now says a flash crash can’t be ruled out

Ed Yardeni says a bear market for stocks may already be underway, and a “flash crash” can’t be ruled out.
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Ukraine war live: Zelenskyy says Russia has carried out ‘hundreds of attacks’ against Ukraine this week

Ukrainian president calls for strengthened sanctions as he highlights weapons used against his country. Local officials from Russia ’s ruling party have caused controversy by presenting mothers of ...
The Guardian - 1d
Stocks Drop as Recession Fears Surface

Investors fear that tit-for-tat tariffs could raise prices, slow the economy and sow uncertainty among businesses.
The New York Times - 13m
Republicans worry Trump's tariffs could harm economy

Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...
The Hill - 9h
Dow plunges 1,000 points as recession fears, tariffs scare Wall Street

The stock market kicked off the week with steep losses Monday amid growing concern about the state of the U.S. economy and the impact of President Trump's trade policy. The Dow Jones Industrial ...
The Hill - 26m
Canadians show their displeasure with President Trump

President Trump took aim at dairy and lumber imports from Canada, but the U.S.'s northern neighbor is fighting back. Ed O'Keefe reports on the latest in the tumultuous trade war.
CBS News - 1d
A Tariff Tantrum: the Upheaval from Trump’s Trade Policies

Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
The New York Times - 3d
Trump continues tariff tumult amid economic uncertainty

President Trump told reporters there could be some economic disturbance amid tweaks to tariffs at the end of a tumultuous week in the markets. NBC News Correspondents Aaron Gilchrist, Brian Cheung ...
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EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart

UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...
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Trump on if he's expecting recession this year: 'I hate to predict things like that'

President Trump faced a slew of questions about the economic ripple effects of his tariff policy during an interview with Maria Bartiromo on Fox News, including whether he worried about a looming ...
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Wall Street Journal: 'Someone should sue' Trump over tariffs

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Commerce Secretary Howard Lutnick says 'there’s going to be no recession in America'

Commerce Sec. Howard Lutnick said that Americans should "absolutely not" brace for a recession as President Donald Trump plans to implement far-reaching tariffs.
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Treasury yields tumble as stocks skid on tariff concerns, U.S. recession talk

Bond yields fell sharply Monday after President Donald Trump shrugged off the possibility that his policies would cause a recession.
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