Trump launches trade war with tariffs on Mexico, Canada and China

President Donald Trump announced broad tariffs on Canada, Mexico, and China, citing illegal immigration and drugs as a major threat. This move has sparked promises of retaliation from these countries. The tariffs will affect various industries and supply chains, causing upheaval. Trump invoked the International Emergency Economic Powers Act to impose the tariffs. Mexico has already announced retaliatory tariffs in response. Economists predict that these tariffs could lead to inflation and negatively impact economic growth. Canada has also announced retaliatory tariffs on American goods. The trade conflict is expected to have real consequences for both Canadians and Americans.