Palm Beach, Fla. – President Donald Trump said on Sunday that the emerging trade war started by his tariff against American Canada, Mexico and China may feel “some pain”, and claimed that Canada remained “existing” without its business surplus ” Will be closed for “United States.
Trump on Saturday at his Florida Resort, the business punishment on his Florida Resort, mixed nervousness, anger and uncertainty, and further relations with China, more stressful relations, as well as a decades-old partnership on trade in North America along with more stressful relations Threatened to break But through the pledge of a campaign, Trump may have broken his promise from voters in last year’s election that his administration may quickly reduce inflation.
“Will there be any pain?” Yes, maybe (and perhaps not!), “Trump said in a social media post. “But we will make America great again, and it will all be worth the price that should be paid.”
His administration has not explained how high this price may be or what improvement will be required in preventing illegal immigration and smuggling phentineyl to remove tariffs imposed by Trump under the legal justification of an economic emergency. Tariffs are scheduled to launch on Tuesday.
In his true social post, Trump took special objective in Canada, which responded with retaliation measures. With 10% tax on trump oil, natural gas and electricity, 25% tariffs on Canadian goods are placing. American products including Canada alcohol and fruits are imposing 25% tariffs at more than $ 155 billion.
Trump participated against the Canadian trade surplus with the United States: “We need anything to them. We have unlimited energy, make our cars, and we should use more wood anytime. ,
Despite Trump’s claim that the US does not need Canada, one-fourth of oil that the US consumes per day is from its ally to the north.
Trump said that without that surplus, “Canada exists as a viable country. Hard but truth! Therefore, Canada should become our 51st state. Better military protection for the people of Canada, and no tariffs for the people of Canada! ,
The Canadian ambassador to Washington has said that the US had a $ 75 billion trade deficit with Canada last year, but said that the one -thirds of Canada sells in the US, it is energy export and there would be a loss when the oil prices are high. Is. About 60% of American crude oil imports from Canada.
Canadian Prime Minister Justin Trudeau is encouraging Canadian to buy more Canadian goods, and says that Trump’s tricks will only cause pain in North America. More than 75% of Canada’s exports go to America
Trudeau said on Saturday night, “This is going to be real results for people, for workers on both sides of our border,” Trudeau said on Saturday night. “We don’t want to be here. We did not ask, but we will not stand for the Canadian people and for incredible successful relationships between Canada and the United States. ,
The President of Mexico, Claudia Shinbam also announced a new tariff and suggested that the US should do more within its limits to address drug addiction.
The Chinese government said that it would take steps to protect its economic interests and would intend to file a lawsuit with the World Trade Organization.
For Trump, the open question is whether inflation can be a political pressure point that will cause him to return. As a candidate, Trump repeatedly inscribed the Democrats on inflation under the President Joe Biden, which resulted in the issues of supply chain during Koronwirus Mahamari, Biden administration recovered and invasion of Ukraine in Russia He spent his own to increase.
Trump said that his inflation was low in the last four years as President, so the public should expect to return to the White House. But she also said that especially high inflation will stagger the US as a nation, a situation from which she now appears to retreat with tariffs.
“Inflation is a disaster,” he said at a Philadelphia campaign rally. “It is a country-buster. It is a total country-buster. ,
Outside analysis explains that Trump’s tariff would harm voters who he intended to help, meaning that he may eventually need to find a resolution.
An analysis by the budget lab in Yale shows that if the tariff was to be continued, an average American house will lose about $ 1,245 in income this year, which will be overall overall the $ 1.4 trillion growth in the next 10 years. ,
Goldman Sachs, in an analyst note of Sunday, insisted that the tariffs become effective on Tuesday, which means they are likely to move forward “although the final -minute agreement cannot be completely rejected. ”
The investment bank concluded that due to potential economic damage and potential conditions to remove that “we think it is more likely that tariffs will be temporary but the approach is not clear.”