In line with his election promises, President Trump has decided to impose a 25% tariff on Mexican and Canadian goods, and a 10% tariff on Chinese products. The Wall Street Journal has dubbed it the “most foolish trade war in history.” Despite knowing the impact on the U.S. economy, Trump has defended the move, stating that countries like China, Mexico, and Canada are exploiting America, and that he will make America great again. In response to the increased tariffs, China expressed its anger and hinted at taking the matter to the World Trade Organization. Meanwhile, Canada has announced retaliatory tariffs.