Tariff ‘pain’ will be ‘worth the price’: Donald Trump

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Palm Beach: US President Donald Trump said on Sunday that US key trading partners could feel economic “inconvenience” with their prices, but they argued that it would be “price” to secure US interests. –

On Saturday, Trump finally threatened 25 % of tariffs on neighboring Mexico and Canada, despite sharing an independent trade deal – and hit China by 10 % tariffs in addition to already implemented revenue.

The president had pledged to take such action before the opening, claiming that countries were not doing enough to prevent illegal immigration and to stop smuggling deadly opide fantasy in the United States.

In imposing revenue that began on Tuesday, Trump requested the International Emergency Powers Act.

The move immediately encouraged retaliation from the three countries, while analysts have warned that the upcoming trade war will potentially reduce US growth and increase consumer prices in the short term.

“Will there be any trouble? Yes, maybe (and maybe not!)” Trump wrote his truth on Sunday morning on social media platforms.

“But we will once again make the United States great, and it will be worth all that requires payment.”

The president and his advisers had earlier acknowledged that revenue could increase the prices of US consumers, followed by the disappointment over the rising costs. Was seen as an element.

Apparently trying to limit the hike in fuel and electricity prices, Trump increased only 10 % on energy imports from Canada.

In a separate social media post, Trump once again called the northern neighbor of the United States to become a US state, and further increased tensions with a close ally in his country.

Trump added that the United States has “paid hundreds of billions of dollars to subsidize Canada,” Trump added, “Without this mass subsidy, Canada exists as a viable country. “”

He wrote on the truth, “So, Canada should become the 51st state of our choice,” claiming that the move was “very little taxes for the people of Canada, and far better military protection – and no revenue. Will! “

The US Census Bureau has declared the country’s 2024 trade deficit in goods with Canada as $ 55 billion.

‘America’s rip off’

Canadian Prime Minister Justin Trudeau on Saturday vowed that his country would face 25 % levies at the expense of selected US goods, worth $ 155 billion (US $ 106.6 billion), Then on Tuesday, after the first period, three weeks will be second.

Leaders from several Canadian provinces have already announced retaliation, such as the immediate purchase of US liquor.

Meanwhile, Mexico’s President Claudia Shenbam said he had directed his Minister of Economy to “implement Plan B”, which still includes “tariffs and non -tariff measures”.

On Friday, the editorial board of the Wall Street Journal newspaper blasted Trump’s prices titled “The Mlocked Trade Wars of History”, “American consumers will feel to cut more costs of some goods. “

Trump clapped on Sunday: “Tariff Lobby”, headed by the Globalist, and is always trying hard to justify the wrong, Wall Street Journal, the Wall Street Journal … For a long time, trade, both in terms of crime, and toxic medicines. “

It has long decided the US trade deficit as a symbol of other countries, taking advantage of the Americans.

“Those days are over!” Trump said, who started his Sunday with a golf course tour in Florida.

He has repeatedly threatened trade operations against the European Union. The block spokesman on Sunday expressed his commitment that he would “respond firmly to any commercial partner who imposes incomplete taxes.”