President Donald Trump just set new tariffs for every country around the world, solidifying his extreme break with America’s long-standing trade policy.

President Donald Trump calls money from tariffs good news. But collections so far pale in comparison to the government’s deficit.

Trump has justified tariffs on goods from Canada, the top U.S. export market, by accusing it of failing to stop the cross-border flow of fentanyl, even though U.S. government data shows Canada accounts for only 1% of the fentanyl that enters the United States.