On Saturday, Trump's trade war began.

His administration announced major tariffs on the country's three biggest trading partners, Canada, Mexico, and China.

So we're talking about 25% on Canada, 25% on Mexico.

Those are our two biggest trading partners, with the exception of crude oil and energy products,

they'll get a 10% tariff.

That's our colleague Gavin Bade.

And then a 10% additional tariff on all imports from China, which is our third largest trading partner.

So dollar for dollar, we're looking at a tariff action that is larger than anything Trump did

in his first term, and he did it all in one day. I think he did more than even some people

inside the White House thought he would. When were these tariffs set to go into effect?

Tuesday, tomorrow, very, very quickly.

So he promulgated them.

He made the announcement on Saturday night after, you know, promising and getting

what everyone whipped up into a frenzy over the past few weeks.

There was a lot of frantic lobbying around Washington. You know, Canadian and Mexican officials flying here,

meeting with senior U.S. officials,

trying to convince them otherwise, saying, you know,

we'll do anything to get around these tariffs.

You know, what do you want?

Does this lead to a trade war?

It certainly seems that way.

I mean, Canada and Mexico have said that they are ready to respond.

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