ASSOCIATED PRESS • February 2, 2025
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. The trade penalties that Trump signed Saturday at his Florida resort caused a mix of panic, anger and uncertainty, and threatened to rupture a decades-old partnership on trade in North America while further straining relations with China. Trump is placing a 25 percent tariff on Canadian goods, with a 10 percent tax on oil, natural gas and electricity. Canada is imposing 25percent tariffs on more than $155 billion on U.S. products. Despite Trump’s claim that the U.S does not need Canada, one-quarter of the oil that the America consumes per day is from its ally to the north. Mexico’s president also announced new tariffs. Outside analyses make clear that Trump’s tariffs would hurt the voters that he intended to help.