President Donald Trump waves before departing on Marine One from the South Lawn of the White House, Friday, March 7, 2025, in Washington. (AP Photo/Alex Brandon)2025-03-09T15:54:04Z WEST PALM BEACH, Fla. (AP) President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isnt ruling out the possibility of a recession this year.After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader reciprocal tariffs will go into effect April 2, raising them to match what other countries assess. April 2nd, it becomes all reciprocal, he said in a taped interview with Fox News Channels Sunday Morning Futures. What they charge us, we charge them.Asked about the Atlanta Feds warning of an economic contraction in the first quarter of the year, Trump seemingly acknowledged that his plans could affect U.S. growth. Still, he claimed, it would ultimately be great for us. When questioned whether he was expecting a recession in 2025, Trump responded: I hate to predict things like that. There is a period of transition because what were doing is very big. Were bringing wealth back to America. Thats a big thing. He then added, It takes a little time. It takes a little time. On Wall Street, it was a tough week with wild swings dominated by worries about the economy and uncertainty about what Trumps tariffs. Trump brushed aside concerns from businesses seeking stability as they make investment decisions. He said that for years the globalists, the big globalists have been ripping off the United States and that now, all were doing is getting some of it back, and were going to treat our country fairly.You know, the tariffs could go up as time goes by, and they may go up and, you know, I dont know if its predictability, the Republican president said.Trump last week lifted the Mexico and Canada tariffs on American car manufacturers, and then virtually all imports to the U.S., but kept them on goods from China. More tariffs are coming this week, with Commerce Secretary Howard Lutnick telling NBCs Meet the Press that 25% tariffs on steel and aluminum imports will take effect Wednesday. Lutnick said Trumps threatened tariffs on Canadian dairy and lumber though would wait until April.Will there be distortions? Of course, Lutnick said. Foreign goods may get a little more expensive. But American goods are going to get cheaper, and youre going to be helping Americans by buying American. ZEKE MILLER Miller leads coverage of the president and the presidency for The Associated Press. He is based in Washington. twitter mailto