Trump won't 'predict' on a recession

US President Donald Trump, when asked in an interview that aired on Sunday if he was expecting a recession this year, said, "I hate to predict things like that."

In the interview with Fox News' Sunday Morning Futures with Maria Bartiromo, which was filmed at the White House on Thursday, Trump said: "There is a period of transition, because what we're doing is very big. We're bringing wealth back to America. … It takes a little time, but I think it should be great for us."

On March 4, Trump imposed tariffs of 25 percent on Canada and Mexico, and raised duties to 20 percent on China. But on March 6, he paused tariffs on goods covered under the US-Mexico-Canada Agreement, a trade deal that replaced the North American Free Trade Agreement in Trump's first administration.