Palm Beach, Florida, US He said that Canada “would cease to exist” without its commercial surplus with the United States.
The commercial sanctions that Trump signed on Saturday in his Florida complex caused a mixture of panic, anger and uncertainty, and threatened to break a commercial association of decades in North America and further tension the relations with China.
Trump returned from Florida on Sunday night and threatened to impose higher tariffs against other countries, assuring the press that “definitely” there will be import taxes with the European Union and possibly also with the United Kingdom.
He dismissed the retaliation measures of Canada, ensuring: “If you want to play, I don’t care. We can play everything they want. ” He indicated that he plans to talk to his counterparts from Mexico and Canada on Monday.
When fulfilling his campaign promise on tariffs, Trump could also have broken his promise to voters that his government could quickly reduce inflation. That means that the same frustration that faces other nations could also be extended to consumers and companies nationwide.
“Will there be any pain? Yes, maybe (and maybe not!), Trump wrote in a publication on social networks. “But we will make the United States great again. And everything will be worth it. ”
His government has not said what specific improvements would have to do in terms of illegal immigration and smuggling of fentanyl to justify the elimination of tariffs that Trump imposed, under the legal justification of an economic emergency, but in his statements to the Press After the landing of the presidential plane, Trump said that, as a condition to remove tariffs, commercial imbalances with Canada and Mexico should also disappear.
The president also tried to clarify his publication about possible inflation, saying on Sunday: “In the short term there could be, a little pain, and people understand it. But, in the long term, the United States has been scammed by practically all countries in the world. ”
Tariffs are scheduled to enter into force on Tuesday and unleashed confusion. Canada’s ambassador to the United States, Kirsten Hillman, told ABC News that her country was perplexed by the measure because “we considered her neighbor, her closest friend, her ally.”
In its publication in Truth Social, Trump especially pointed to Canada, who responded with retaliation measures. Trump imposed a 25% tariff on Canadian goods, with a 10% tax on oil, natural gas and electricity. Canada responded with 25% tariffs on more than 155,000 million dollars in American products, including alcohol and fruits.
Despite Trump’s statement that the United States does not need Canada, a quarter of the oil that consumes the country up to day comes from its northern ally. He reiterated his false statement that the United States subsidizes Canada by maintaining a commercial imbalance, reflects in part that Canada exports energy to the United States.
Trump said without that surplus, “Canada would cease to exist as a viable country. Hard but true! Therefore, Canada should become our precious state 51. much lower taxes, and a much better military protection for the people of Canada – and without tariffs! ”
The Canadian prime minister, Justin Trudeau, is encouraging Canadians to buy more Canadian products and says that Trump’s measures will only cause pain throughout North America. More than 75% of Canada’s exports go to the United States. Canada will first point to alcohol, cosmetics and paper products; A second round will include passenger vehicles, trucks, steel and aluminum products, certain fruits and vegetables, beef, pork, dairy products and more.
Canada is the largest export market for 36 states and Mexico is the largest commercial partner in the United States.
The president of Mexico, Claudia Sheinbaum, also announced new tariffs and suggested that the United States should do more within her own borders to address drug addiction. She and Trudeau spoke after Trump’s announcement and agreed to “intensify the strong bilateral relations,” according to Prime Minister’s office.
The Chinese government said it would take measures to defend their economic interests and intends to file a demand before the World Trade Organization.
For Trump, the open question is whether inflation could be a political pressure point that would go back. As a candidate, Trump repeatedly criticized the Democrats for inflation under President Joe Biden, which was the result of problems in the supply chain during the pandemic of the Coronavirus, public spending to stimulate the recovery and invasion of Ukraine by Russia .
Trump said his previous four years as president had low inflation, so the public should expect the same if he returned to the White House. But he also specifically said that higher inflation would stagger the United States as a nation, a position that now seems to be retreating with tariffs.
Trump did not offer details on Sunday about when he would impose tariffs against other countries, but stressed that they would be “quite soon” for the EU, which is also composed of United States allies.
Larry Summers, secretary of the Treasury during the presidency of Bill Clinton, said the tariffs were “a self -inflicted wound to the US economy.”
He declared the “Inside Politics” program of CNN that “in the playground or in international relations, intimidating is not a long -term winning strategy. And that’s what this is. ” And the final winner, Summers suggested, would be the Chinese ruler Xi Jinping because “we will have taken some of our closest allies towards their arms” and “we are legitimizing everything you are doing when violating all the international standards we established.”
External analysis make it clear that Trump’s tariffs would harm the voters whom he intended to help, which means that he might need to find a resolution.
An analysis of the Budget Lab of the University of Yale shows that, if the tariffs continue, an average American home would lose approximately $ 1,245 in income this year, in what would be the general equivalent of a tax increase of more than 1.4 billion of dollars in the next 10 years.
Goldman Sachs, in a Sunday analysis note, emphasized that tariffs will take effect on Tuesday, which means that they will probably proceed “although a last -minute agreement cannot be completely ruled out.”
The investment bank concluded that due to the possible economic damage and the possible conditions for elimination “we believe that tariffs are more likely to be temporary, but the perspective is uncertain.”
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Associated Press journalists Michelle L. Price, in New York, and Rob Gillies, in Toronto, contributed to this office.
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This story was translated from English by an AP editor with the help of a generative artificial intelligence tool.
(tagstotranslate) General News
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