Trump warns of potential pain for Americans from new tariffs on imports
President Donald Trump announced that Americans might experience "some pain" due to new tariffs on imports from Canada, Mexico, and China. He signed these tariffs over the weekend, which could disrupt long-standing trade relationships. Trump threatened to impose additional tariffs on the European Union and the United Kingdom. He dismissed potential retaliatory actions from Canada, which has already announced its own tariffs on U.S. goods in response. The tariffs, starting Tuesday, could lead to increased inflation, contradicting Trump's previous promises to lower it. Analysts warn that these measures may ultimately harm American consumers and the economy.