Trump Says Americans Could Feel ‘Some Pain’ From His New Tariffs That Are Triggering A Trade War

Trump says Americans could feel ‘some pain’ from his new tariffs that are triggering a trade war

President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States.

The trade penalties that Trump signed Saturday at his Florida resort caused a mix of panic, anger and uncertainty, and threatened to rupture a decades-old partnership on trade in North America while further straining relations with China.

Trump on Sunday night threatened to impose steeper tariffs elsewhere, telling reporters that it will “definitely happen” with the European Union and possibly with the United Kingdom as well.

He brushed aside retaliatory measures from Canada, saying, ““If they want to play the game, I don’t mind. We can play the game all they want.”...

By following through on a campaign pledge, Trump may also have simultaneously broken his promise to voters in last year’s election that his administration could quickly reduce inflation. That means the same frustration he is facing from other nations might also spread domestically to consumers and businesses.

His administration has not said how high that price could be or what improvements would need to be seen in stopping illegal immigration and the smuggling of fentanyl to merit the removal of the tariffs that Trump imposed under the legal justification of an economic emergency. The tariffs are set to launch Tuesday.

“If prices go up, it’s because of other people’s reactions to America’s laws,” his homeland secretary, Kristi Noem, said on NBC’s “Meet the Press.”

In his Truth Social post, Trump took particular aim at Canada, which responded with retaliatory measures. Trump is placing a 25% tariff on Canadian goods, with a 10% tax on oil, natural gas and electricity. Canada is imposing 25% tariffs on more than $155 billion Canadian (US$105 billion) on U.S. products, including alcohol and fruit.

Trump railed against Canada’s trade surplus with the United States: “We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.”

Despite Trump’s assertion that the U.S does not need Canada, one-quarter of the oil that the America consumes per day is from its ally to the north. He reiterated his false claim that America subsidizes Canada.

Trump contended that without that surplus, “Canada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of Canada — AND NO TARIFFS!”

Hillman, the ambassador, has said the U.S. had about a $75 billion Canadian ($51 billion) trade deficit with Canada last year...

Prime Minister Justin Trudeau is encouraging Canadians to buy more Canadian goods, and says Trump’s moves will only cause pain across North America. More than 75% of Canada’s exports go to the U.S. Canada will first target alcohol, cosmetics and paper products; a second round later will include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more.

Canada is the largest export market for 36 states and Mexico is the largest trading partner of the U.S.

🔗SOURCE ➡️ AP News

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