President Donald Trump said tariffs on some goods from Canada and Mexico planned for April 2 “could go up,” and would not predict whether the United States will have a recession in 2025.

If the U.S. implements and sustains a 25% tariff on its neighboring countries, economists say it will have a major impact on Texas.

The dollar struggled on Wednesday to lift off a five-month low against major peers, as worries about the U.S. economy simmered, in view of President Donald Trump's unpredictable trade policies. The euro hovered around a five-month peak on increased optimism for an end to the war in Ukraine.