“Worth The Price” is How Donald Trump Describes the “Pain” of Tariffs.

(VOR News) – In his remarks on Sunday, President Donald Trump said that, despite his tariffs on important trading partners causing economic “pain” for the American people, safeguarding the interests of the United States will be “worth the price”.

On Saturday, President Donald Trump finally applied the 25 percent tariffs he had promised to levy on Canada and Mexico, two neighbors, notwithstanding their free trade agreement. On top of the already existing taxes, he levied a 10% tax on China.

Claiming that other nations were not doing enough to stop illegal immigration and the trafficking of the lethal narcotic fentanyl into the United States, President Donald Trump had promised to take such actions even before he was voted in.

Donald Trump’s IEAPA tariffs began Tuesday.

Economists said that the ensuing trade war will surely hurt the US economy and drive near future consumer prices higher. Immediately pledging to oppose the measure were all three nations.Trump penned in all uppercase, “Will there be any discomfort?” on his Truth Social Media page on Sunday morning.Actually, maybe (and maybe not!).

“but we will Make America Great Again, and it will all be worth the price that must be paid”.

The president and his supporters have before suggested that tariffs could increase the prices Americans pay, since his triumph over Democrat Kamala Harris in the November election was mostly ascribed to his discontent with growing expenses.

President Donald Trump put a 10 percent levy on energy imports from Canada, our neighbor, in what looks to be an attempt to slow down the increase in fuel and electricity prices.

When Donald Trump posted a second social media comment urging the northern neighbor of the United States to join the country, the strains between him and one of his closest allies grew.

Claiming that “without this massive subsidy, Canada ceases to exist as a viable country,” Donald Trump said the US spends “hundreds of billions of dollars to SUBSIDIZE Canada.”

On Truth Social, he said later, “Canada should thus become our Cherished 51st State.” He said the action will deliver far cheaper taxes and significantly stronger military security for Canadians as well as no tariffs! Besides, he said, the change will benefit Canadians. Based on US Census Bureau data, the goods trade deficit between the US and Canada in 2024 was $55 billion.

America’s Ripoff

On Saturday, Canadian Prime Minister Justin Trudeau announced that a variety of American products worth Can$155 billion (US$106.6 billion) would be subject to 25% taxes. The first round of activities is set to begin on Tuesday, with the second round starting three weeks later.

Several Canadian provincial premiers have already announced intentions for punitive measures, including the immediate suspension of US liquor purchase orders.

Meanwhile, Mexico’s President Claudia Sheinbaum declared that she has directed her economic minister to “implement Plan B,” a series of unspecified policies that include “tariff and non-tariff measures.”

The Wall Street Journal’s editorial board wrote “The Dumbest Trade War in History,” which was published on Friday. It blasted Trump’s tariffs, predicting that “American consumers will feel the bite of higher costs for some goods.”

“The ‘Tariff Lobby,’ headed by the Globalist, and always wrong, Wall Street Journal, is working hard to justify… the decades long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, and Poisonous Drug Abuse,” stated President Barack Obama.

He frequently claims that the US trade imbalances demonstrate that other countries are abused by the US.

“Those DAYS ARE OVER!” As he began his Sunday by touring one of his Florida golf facilities, Trump made it obvious that those days are over.

Furthermore, he stated that he will challenge the European Union through severe trade policies. On Sunday, a group leader vowed to “respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs.”

SOURCE: NDTV

SEE ALSO:

Doge’s Elon Musk Team Receives ‘Full Access’ to Federal Payments.

LeBlanc Postpones Canada’s Capital Gains Tax Till 2026