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AP News Summary at 1:45 p.m. EST


AP News Summary at 1:45 p.m. EST

Trump says Americans could feel 'some pain' from tariffs as he threatens more import taxes

PALM BEACH, Fla. (AP) -- President Donald Trump says Americans could feel "some pain" from the emerging trade war triggered by his tariffs against Canada, Mexico and China. He's also claiming that Canada would "cease to exist" without its trade surplus with the United States. The trade penalties that Trump signed Saturday at his Florida resort are causing a mix of panic, anger and uncertainty. And they're threatening to rupture a decades-old partnership on trade in North America while further straining relations with China. But by following through on a campaign pledge, Trump may have simultaneously broken his promise to voters in last year's election that his administration could quickly reduce inflation. The tariffs are set to launch on Tuesday.

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