Trump tariffs spark trade war: ‘Some pain’ for Americans as relations with Canada, Mexico, and China deteriorate

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Trump tariffs spark trade war: ‘Some pain’ for Americans as relations with Canada, Mexico, and China deteriorate - Business Mirror

Quick Summary:

PALM BEACH, Fla.—President Donald Trump said Sunday that Americans could feel "some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would "cease to exist” without its trade surplus with the United States.

Goldman Sachs, in a Sunday analyst note, stressed that the tariffs go into effect on Tuesday, which means they’re likely to proceed “though a last-minute compromise cannot be completely ruled out.

In his Truth Social post, Trump took particular aim at Canada, which responded with retaliatory measures.