Speaking to reporters after he flew back to Washington Sunday evening from a weekend in Florida, Trump said he was “speaking with Prime Minister (Justin) Trudeau tomorrow morning, and I’m also speaking with Mexico tomorrow morning.”
Trump has also hit China with a 10-percent tariff in addition to levies already in place.
Earlier Sunday he acknowledged, in a series of messages on his Truth Social network, that Americans may feel economic “pain” from his tariffs, but argued it would be “worth the price” to secure US interests.
“Will there be some pain? Yes, maybe (and maybe not!)” Trump wrote Sunday morning in all-caps on his Truth Social media platform.
Analysts expect the trade war to slow US growth and increase prices, at least in the short term, something the president had resisted acknowledging after frustration over rising costs was seen as a major factor in his 2024 election win.
The president has cited illegal immigration and the trafficking of the deadly opioid fentanyl as reasons for the “emergency” measures.
“The USA has major deficits with Canada, Mexico, and China (and almost all countries!), owes 36 Trillion Dollars, and we’re not going to be the ‘Stupid Country’ any longer,“ he wrote.
‘51st state’
Claiming the United States pays “hundreds of billions of dollars to SUBSIDIZE Canada,“ Trump said that “without this massive subsidy, Canada ceases to exist as a viable Country.”
The US Census Bureau says the 2024 trade deficit in goods with Canada was $55 billion.
Trudeau vowed Saturday to hit back with 25 percent levies on select American goods worth Can$155 billion (US$106.6 billion), with a first round on Tuesday followed by a second one in three weeks.
The White House has not publicly announced what actions could end the tariffs.
Federal overhaul
She said she had directed her economy minister to “implement Plan B,“ which includes unspecified “tariff and non-tariff measures,“ promising to detail Monday the steps she intends to take.
The drastic trade actions follow similarly sharp efforts by Trump’s administration to quickly overhaul the federal government in his first two weeks.
The tumult in the federal government coincided with the collision of an army helicopter and an airliner that killed 67 people in the US capital.
Trump, addressing the crash on Thursday as aviation authorities began their formal investigation, baselessly placed the blame on diversity programs.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump announces talks with Canada, Mexico over sweeping tariffs )
Also on site :