Americans may feel ‘pain’ in trade war with Mexico, Canada, China [Video]

President Donald Trump said on Sunday the sweeping tariffs that he has imposed on Mexico, Canada and China may cause “short-term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.

Trump said he would talk on Monday with the leaders of Canada and Mexico, which have announced retaliatory tariffs of their own, but downplayed expectations that they would change his mind.

“I don’t expect anything dramatic,” Trump told reporters as he returned to Washington from his Mar-a-Lago estate in Florida. “They owe us a lot of money, and I’m sure they’re going to pay.”

He also said tariffs would “definitely happen” with the European Union, but did not …