President Donald Trump said on Sunday that the American major trading partners may feel economic “pain” from their tariffs, but argued that it would be “worth the price” to secure American interests.
On Saturday, Trump finally threatened 25 percent tariffs on neighboring Mexico and Canada-despite sharing a free trade treaty-and hit China with 10 percent tariffs besides the already implemented levy.
The President swore before his inauguration to take such action, claiming that the countries were not enough to stop the illegal immigration and the smuggling of deadly opioid fantanel in the United States.
In implementing the tariff, which is going to start on Tuesday, Trump called for the International Emergency Economic Power Acts.
The move instigated the immediate vow of retaliation from the three countries, while analysts warned that the possibility of the upcoming trade war would slow down the US growth and increase consumer prices in a short term.
“What will happen? Yes, yes, maybe (and maybe not!)” Trump wrote in an all-cap on his true social media platform on Sunday morning.
“But we will make America great again, and it will all be worth the price that should be paid.”
The President and his advisors had previously opposed that tariffs could increase American consumer prices, after despair at the rising costs, Democrats were seen as a major factor in the November election victory over Kamla Harris.
Apparently, seeking limiting a spike in fuel and electricity prices, Trump put the levy at only 10 percent on energy imports from Canada.
In a separate social media post, Trump called the US northern neighbor to become an American state, further enhanced tension with one of his country’s closest colleagues.
Claiming that the United States paid hundreds of billions of dollars to subsidize Canada, “said Trump,” without this massive subsidy, Canada exists as a viable country. ,
“Therefore, Canada should become our funded 51st state,” he wrote on the truth social, claiming that the move “very reduced, and to reduce much for the people of Canada, and better military protection – and No tariff! “
The US Census Bureau listed the country’s 2024 trade deficit in Canada as $ 55 billion.
‘US Repoff’
Canadian Prime Minister Justin Trudeau vowed on Saturday that his country would return to the first round on Tuesday with his own 25 percent levy on selected American goods with his own 25 percent levy (US $ 106.6 billion), followed by three weeks. After each other with each other.
Leaders of many Canadian provinces have already announced counterfeit works, such as an immediate stop for the purchase of American liquor.
Mexican President Claudia Shinbam, meanwhile, said that he had directed his economy minister to “implement Plan B”, which still included uncontrolled “tariffs and non-tariff measures.”
On Friday, the correct editorial board of the Wall Street Journal newspaper blew up Trump’s tariff in a piece called “The Dambest Trade War in History”, said, “American consumer feels high cost bite for some goods do. ,
Trump said back on Sunday, saying: “The Tariff Lobby, ‘headed by Globalist, and always wrong, Wall Street Journal, is working hard for justification … Long repress of America, both businesses, both businesses , Regarding crime, crime, with crime, and poisonous drugs. “
They have long reduced the American trade deficit as a sign of other countries taking advantage of Americans.
“Those days are over!” Trump said, who started his Sunday with a visit to one of his golf courses in Florida.
He has repeatedly threatened business works against the European Union. A spokesperson of the block vowed on Sunday that he would “firmly respond to any business partner who imposes a tariff incorrectly or arbitrarily.”
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
