WASHINGTON (TNND) — President Donald Trump's recent imposition of tariffs on Canada, Mexico, and China has ignited a wave of reactions, with potential impacts on everyday goods and the economy.

The tariffs include a 25% levy on all goods from Canada and Mexico and a 10% tariff on Chinese goods and Canadian oil and gas.

Analysts predict these measures could lead to a spike in gas prices by up to $0.70 a gallon.

Trump acknowledged the potential for economic pain but described it as a necessary step. "It's the price that must be paid," he said.

The tariffs aim to pressure the three countries to take stronger actions against the flow of people and drugs into the United States, particularly fentanyl, which Trump claims is responsible for hundreds of thousands of deaths annually.

Critics argue that the tariffs could disrupt supply chains and lead to job losses in the United States.

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs of 25% on U.S. goods, despite a clause in Trump's executive order meant to prevent such actions.

The Wall Street Journal labeled the situation "the dumbest trade war in history."

Congressman Jared Golden, a Democrat from Maine, expressed support for the tariffs, stating they would challenge decades of free trade and globalization that prioritized low prices. "It will help us rewire our economy for production, not just consumption," Golden said.

The tariffs are scheduled to take effect on Tuesday unless changes or concessions are made.

The White House cited Colombia as an example of a country that quickly adapted to avoid the negative impacts of similar tariffs.

Editor's Note: The National News Desk contributed to this report.