President Donald Trump is promising a manufacturing rebound as he threatens steep tariffs on foreign imports, but critics warn those policies could have the opposite effect.

The harsh rhetoric echoed similar comments in 2018, when Trump launched his first trade war with China and it scrambled to line up tit-for-tat actions. Beijing’s leaders have since developed a toolkit of tariffs, import curbs, export controls, sanctions, regulatory reviews and measures to limit companies from doing business in China.

President Donald Trump signed executive orders Thursday that paused tariffs for about one month on some products from Mexico and Canada covered by the United States-Mexico-Canada Agreement (USMCA). Trump negotiated the USMCA treaty in his first term,

Trump is no stranger to tariffs. He also launched a trade war during his first term in office, but has more sweeping plans now. Economists stress there could greater consequences on businesses and economies worldwide this time — and that higher prices will likely leave consumers footing the bill.

Donald Trump criticized the US' former trade deals with Mexico and Canada, saying that these foreign powers took advantage of the US any chance they got, and questioned who signed the deal

Canada looks set to pick a measured former central banker to deal with the threats President Donald Trump’s tariffs pose against a pillar of Western free trade.

Jerome Powell, who was appointed the chair of the Federal Reserve by President Donald Trump in 2017, during his first term as president, has admitted the tariffs will cause inflation to rise