US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration's changes to tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a "period of transition" taking place.

Donald Trump once again acknowledged that his foolish trade wars will disrupt the economy, potentially causing a recession. But the president still spoke about the impending tariffs on Mexico and Canada as if they are paid by the exporting country rather than the American companies importing goods,

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,