U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.

New trade penalties against Canada, Mexico and China that President Trump plans to impose could mean higher inflation and possible disruptions to the global economy.

Trump argues the tariffs are necessary to “protect Americans” and to curb the export of fentanyl. But for our North American neighbors, the move sparked an undeniable sense of betrayal.

President Donald Trump has signed an order to impose stiff tariffs on imports from Mexico, Canada and China, drawing swift retaliation from the U.S.’s North American neighbors in an emerging trade war

By Jarrett Renshaw, Daphne Psaledakis and David Lawder WASHINGTON (Reuters) - President Donald Trump said on Sunday the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.