A day after levying steep new tariffs on Mexico, Canada and China, President Trump acknowledged what economists, members of Congress and even some of his own aides — in their previous lives — have been saying all along: Americans may find themselves paying the costs.

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President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico

Canada’s prime minister and Mexico’s president have ordered retaliatory tariffs against Americans, following through with their threats after U.S. Donald Trump sparked a trade war by imposing sweeping tariffs on imports from Canada,