President Trump plans to speak with Canadian Prime Minister Trudeau and Mexican officials on Monday to discuss the newly imposed tariffs on goods from both countries. While acknowledging potential economic 'pain' for Americans, Trump maintains the tariffs are necessary to protect US interests. These tariffs, along with existing levies on China, have sparked a trade war and prompted retaliatory measures from US trade partners.
WASHINGTON, D.C. — United States President Donald Trump said he would discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, after arguing that Americans may feel economic 'pain' from the 25-percent duties but that it will be 'worth the price.
'The USA has major deficits with Canada, Mexico, and China , owes 36 Trillion Dollars, and we're not going to be the 'Stupid Country' any longer,' he wrote.'51st state'In a separate social media post, Trump took particular aim at Canada, repeating his call for America's northern neighbor to become a US state.
TRUMP TARIFFS CANADA MEXICO TRADE WAR ECONOMIC IMPACT
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada’s Trudeau announces tariffs on US in retaliation for Trump’s tariffsPrime Minister Justin Trudeau warns the coming weeks will be difficult for Canadians and that Trump's tariffs will also hurt Americans
Read more »
Canada has counter-tariffs ready if Trump launches trade war, Trudeau says | Curtis HeinzlJustin Trudeau says Canada is ready to respond with counter-tariffs against the US if President-elect Donald Trump follows through on his threat to begin a trade war in North America.
Read more »
Trump Imposes Tariffs on Canada and Mexico, Sparking Trade War FearsPresident Trump's tariffs on goods from Canada and Mexico have triggered a wave of retaliatory measures and raised concerns about a potential trade war. The move has also strained relations with both allies, who argue that the tariffs will harm consumers and businesses on both sides of the border.
Read more »
Trudeau warns of higher prices for American consumers if Trump imposes tariffs on CanadaCanadian Prime Minister Justin Trudeau warned that American consumers will face higher prices on various goods if President Donald Trump carries out his threat to impose 25% tariffs on Canadian products. Trump reiterated his plan to implement tariffs on Canada and Mexico, starting as early as February 1st. Trudeau emphasized that Canada will respond with retaliatory tariffs, impacting American consumers. The potential tariff on Canadian oil could lead to increased gas prices in some US states, and the move risks disrupting markets for autos, lumber, and oil. Trudeau urged the US to collaborate with Canada on energy, critical minerals, and goods, highlighting the strong economic ties between the two nations.
Read more »
Trump Threatens Tariffs on Canada, Mexico, and China, Rattling Global MarketsPresident Trump is facing down a global storm as he threatens to impose tariffs on major trading partners Canada, Mexico, and China. The looming deadline has sent shockwaves through financial markets, with analysts predicting potential recessions and economic instability.
Read more »
Trump to Impose Tariffs on Canada, Mexico, and ChinaPresident Donald Trump announced plans to implement tariffs on Saturday, targeting the US's largest trading partners: Canada, Mexico, and China. The tariffs, aimed at curbing illegal immigration and the flow of fentanyl, are expected to reach 25% on imports from Canada and Mexico, and 10% on Chinese goods. Trump also hinted at future tariffs on oil and gas, and the European Union. The move has sparked immediate concern from Canada and Mexico, with both countries vowing to respond. Analysts predict potential economic repercussions, including increased gasoline prices and a risk of recessions in Canada and Mexico.
Read more »