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Trump refuses to rule out recession as chaotic trade war with Canada, Mexico and China escalates: Live updates

President’s remarks follow turbulent week as markets rattled by series of aggressive tariff announcements and immediate walkbacks



Donald Trump acknowledged a possible recession due to his trade war with Canada, Mexico, and China. Mark Carney, the new Canadian PM, vowed to fight the U.S. trade war. Trump also warned Ukraine "may not survive" its conflict with Russia and didn't rule out a government shutdown. A former official warned of data risks and potential benefit delays due to Elon Musk's department's oversight of the Social Security Administration. Ontario introduced a surcharge on electricity supplied to the US in response to Trump's tariffs.

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