'How does this end?' CNN panelists raise red flags over Trump's escalating trade war

CNN panelists sounded the alarm about Trump's escalating trade war with Canada, Mexico, and China, which will most certainly raise prices for average Americans.

President Trump signed executive orders on Saturday announcing tariffs "on the country’s three largest trading partners, a move that risks unleashing a damaging trade war," according to The New York Times.

On Sunday's Inside Politics, host Manu Raju asked, "What about where this goes from here? You know Trump, they said in that White House statement, that they could escalate, that they could retaliate if Canada or Mexico or China respond in kind. Mexico says it will retaliate. China says it's going to take it to the WTO, the World Trade Organization. Canada said 25% tariffs on billions of dollars, tens of billions of dollars of U.S. goods...How does this end? Because the White House is saying we've got to curb illegal migration, stop the flow of fentanyl, but didn't really specify anything other than that in order to prevent this trade war from escalating."

ALSO READ: 'Driven to self-loathing': Inside the extremist website believed to 'groom' teen attackers

Jeff Mason with Reuters answered, "I think 'trade war' is the right word, or the right phrase. I mean, it's full on, and if the White House didn't expect Canada and Mexico to retaliate, then they weren't thinking. I mean, I'm sure that they did expect it, even though they warned that there would be further action. So that's the right question. What else do they do? Do they raise the tariffs higher? Do they do more?"

Raju listed off products that could become more expensive for Americans due to the trade war, including cars, gas, steel, lumber, avocados, and beer.

CNN's Jeff Zeleny, relayed, "The president had a very interesting sentence in a kind of a long Oval Office session Friday afternoon before he went to Mar-a-Lago for the weekend. And he said, 'There could be some temporary, short term disruption, but people will understand that.' We'll see. We will see if people will understand if prices go up on those things that you mentioned and many more."

Watch the clip below via CNN or at the link.