So when all the dust settles with retaliatory measures, what do we expect? Canadians and Mexicans will feel the pain, I'm sure. Will China and the United States?

The United States will feel the pain immediately because Trump has increased the price of imports. The question is whether there is anything gained.

This smells of a trade war. Should be interesting to see how this shakes out in ten years.

It is literally a trade war. Let's hope it doesn't progress into a shooting war. Trump has said we wants a 51 state afterall.

Canadian here. I don't understand the end goal of the tarif game. Negotiating technique?

Long term isn't it pure lose lose?

It’s just a consumption tax that can be wrapped in strong man rhetoric.

Trump appears to earnestly believe tariffs are good. He's a mercantilist unfortunately.

Related:

Trump Tariffs on Canada, Mexico and China https://news.ycombinator.com/item?id=42902539