President Trump’s tariffs hurt China, but his other actions have alienated U.S. allies, giving Beijing an opening to strengthen its global standing.

One day after signing executive orders to impose 25% tariffs on goods from Mexico and Canada, and 10% on Chinese items, President Donald Trump said there may be "some pain," yet the "results will be spectacular.

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.