But Trump's new steel, aluminum and reciprocal tariffs will boost inflation. Big tariffs on Canada, Mexico, Europe, Japan and others will weaken those economies, encourage retaliation against the U.S.

Which nation ultimately bears the cost of a tariff depends on what that country makes and its pull in the global market.

What do you make of the rhetoric from President Trump as it relates to Canada becoming the 51st state? I don't know wheth ...