Trump maintains that tariffs will impose few, if any, costs on the U.S. But trade experts point out that tariffs cannot simultaneously achieve all of the goals that Trump has expressed.

There are going to be tariffs on Tuesday on Mexico and Canada — exactly what they are, we’re going to leave that for the president and his team to negotiate.” Meanwhile in Mexico: The Mexican government has its own tit-for-tat response to Trump’s complaints about fentanyl smuggling,