Trade war widens as tariffs from, against US begin this week [Video]

The Trump administration is moving forward with new tariffs this week, escalating global trade tensions and prompting retaliatory measures from both Canada and China.China, Canada, and Mexico are the biggest U.S. trading partners, accounting for more than a third of all U.S. trade.Onboard Air Force One Sunday, President Donald Trump defended using tariffs.”All I know is we’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich you’re not going to know where to spend all that money,” Trump said. ” I’m telling you, you just watch. We’re going to have jobs. We’re going to have open factories. It’s going to be great.”But the president also didn’t rule out the possibility of a recession as the proposed taxes have roiled markets and the economy.”It takes a little time,” Trump said in an interview on Fox News Channel’s Sunday Morning Futures. “I hate …