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On Sunday Trump acknowledged that newly imposed tariffs could bring economic “pain” to American consumers, but it would be “worth the price” as it would increase US revenue, protect US interests, and restrain illegal immigration. This move regarding tariffs has a significant effect on North America. Trump imposed 25% tariffs on imports from Mexico and Canada. Along with that, Trump slapped China with a 10% tariff, accelerating the trade war.Economic consequences of this tariff are going to be profound and potentially devastating. Due to these tariffs, the automotive and electronic sectors would face major changes along with vulnerability, including significant