US President Donald Trump has acknowledged that Americans might feel some pain from newly imposed tariffs on foreign trading partners.
He said that measures were necessary to restore economic strength. He also cautioned that further tariffs could be levied on the EU and possibly the UK.
The latest tariffs are likely to take effect on Tuesday, including a 25 per cent on all goods from Canada and Mexico, with a 10 per cent tariff applied specifically to Canadian energy exports.
Additionally, tariffs imposed on Chinese imports will likely face an additional 10 per cent tariff.
Also read: China vows to fight back as US escalates trade war
“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump wrote in all caps on Truth Social on Sunday. “IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID. WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE—AND THE RESULTS WILL BE.”
Commenting on Canada’s retaliatory sanctions, announced by Prime Minister Justin Trudeau, Trump suggests the possibility of imposing steeper levies. “If they want to play the game, I don’t mind. We can play the game all they want,” he told reporters upon landing at Joint Base Andrews from Florida.
In his latest social media post, Trump renewed the call for Canada to become the 51st state of the US, arguing that “without this massive subsidy, Canada ceases to exist as a viable country.”
He also called the UK “out of line” but expressed confidence that the situation “can be worked out.”
Also read: Trump takes EU under tariff fire, says bloc treated US 'terribly'
Meanwhile, both Canada and Mexico have already responded to last week’s tariff announcement. Trudeau has imposed a 25 per cent levy on US goods, including alcohol and cosmetics, and warned of further countermeasures.
Mexico has also signalled it will implement retaliatory tariffs and promote domestic products in response to Washington’s policies.
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