WASHINGTON, DC - OCTOBER 13: (AFP OUT) U.S. President Donald Trump speaks to reporters on the South Lawn before boarding Marine One at the White House on October 13, 2018 in Washington, DC. President Trump is traveling to a rally in Kentucky. (Photo by Olivier Douliery - Pool/Getty Images)

Trump's trade policies have cost Americans and corporations more than $3 billion a month in higher taxes, executives affected by them feel "betrayed," and Trump himself has indicated that he doesn't even know how the tariffs he's so eagerly imposed even work.

But if you told him any of that, you might be out of a job.

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Credit: Bloomberg Economics/Twitter

We have now reached a point where world leaders are laughing in the president's face.

The humiliating moment occurred on Saturday during an Oval Office trade meeting between President Donald Trump, trade representative Robert Lighthizer, and Chinese Vice Premier Liu He, head of the Chinese trade delegation.

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Canadian Prime Minister Justin Trudeau called out President Donald Trump on Wednesday for falsely claiming the United States had rejected a request to meet with Canada to continue trade talks.

During a press conference at the United Nations, Trump was asked if he planned on meeting with Trudeau to untangle the trade mess caused by Trump's tariffs.

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During an appearance on Fox News on Monday, veteran Republican operative Karl Rove shredded President Donald Trump's claim that the United States has a trade deficit with Canada. But as Rove pointed out, the president isn't telling the truth.

Rove noted that American exports to Canada are valued at $320.16 billion dollars, while imports from our northern neighbor total $307.6 billion. That leaves a trade surplus of $12.56 billion. The president, however, claimed something else entirely.

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Billionaire investor Carl Icahn, longtime friend, business associate, and special advisor to President Donald Trump, with Trump in 1990 and again in 2016. (Photo by Ron Galella/WireImage and Victor Blue/Getty Images)

In a move that now raises eyebrows, billionaire investor and longtime confidant of President Donald Trump, Carl Icahn, sold $31.3 million of stock in a company heavily dependent on steel last week. The sale was filed with the U.S. Securities and Exchange Commission (SEC) on Thursday, February 22.

The move came just in time; only a week before Trump announced plans to impose tariffs on steel imports. That announcement caused stocks in companies heavily dependent on steel, like the one Icahn dumped his stock from, to fall overnight.

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WASHINGTON, D.C. - FEBRUARY 28: President Donald Trump shows off a hat that says "Make Counties Great Again" before signing an Executive Order to begin the roll-back of environmental regulations put in place by the Obama administration February 28, 2017 in the Roosevelt Room of the White House in Washington, D.C. The Clean Water Rule, also known as WOTUS, the Waters of the U.S. rule, has been unpopular with some farmers, housing developers and energy companies. (Photo by Aude Guerrucci-Pool/Getty Images)

President Donald J. Trump’s surprise announcement that he will seek to impose tariffs on steel and aluminum imports sent shockwaves around the world yesterday and roiled the financial markets. Whether those tariffs get implemented is open to debate. Many believe the reality show theatrics with which he made the announcement were intended to distract from the accelerating scandals that are engulfing his White House.

But if he really intends to enact the tariffs, which are opposed by many in his administration, it shouldn’t come as a surprise. Trump campaigned on the promise of “America First” and many of his actions in the first year of his presidency have been designed to deliver on that campaign slogan.

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President Donald Trump participates in a meeting with leaders of the steel industry at the White House March 1, 2018 in Washington, DC. Trump announced planned tariffs on imported steel and aluminum during the meeting, with details to be released at a later date. (Photo by Win McNamee/Getty Images)

On Thursday, President Donald Trump announced his administration plans to impose a 25 percent tariff on steel and a 10 percent tariff on aluminium. The United States’ primary trade partners reacted immediately, leading to speculation of a trade war that caused significant drops in global markets.

Canada, the European Union, and Great Britain vowed to introduce tariffs against US imports in response to the new tariffs. Mexico, China and Brazil also announced retaliatory steps being considered.

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