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Trump acknowledges the possibility of Americans suffering from the repercussions of customs duties economy

manhattantribune.com by manhattantribune.com
2 February 2025
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Trump acknowledges the possibility of Americans suffering from the repercussions of customs duties economy
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US President Donald Trump said on Sunday that his citizens may feel “pain” because of the customs duties imposed on his main commercial partners, but he saw that securing American interests “deserves this price.”

On Saturday, Trump signed his decision, which he had previously announced, imposing 25% customs duties on Mexico and Canada, despite the free trade agreement linking Washington to the two countries, while China imposed additional customs duties of 10%.

The move prompted the countries concerned to pledge to respond, while analysts warned that the outbreak of a trade war would likely lead to a decline in growth in the United States and the raising of consumer goods in the short term.

The price is worth

“Will there be some pain? Yes, perhaps (and perhaps not) … but we will make America great again, and it deserves this price that must be paid,” Trump wrote on his social networking site, Trump, and it is worth the price that must be paid, “according to the French Press Agency.

On Friday, the Wall Street Journal of the Wall Street Journal condemned the fees in an article entitled “The Negative Trade War in History.”

Trump replied on Sunday by saying that “the Lobby (pressure group), the customs duties led by Wall Street Journal defending globalization, and always engaged, works hard to justify … contracts of fraud in America regarding trade, crime and toxic drugs.”

He has always complained about the American trade deficit as an indication of the exploitation of other countries of the Americans.

He said: “Those days are!”

https://www.youtube.com/watch?v=aym4vj3wgwg

US state

In a separate publication, Trump renewed his call to make Canada an American state, in statements to worsen tension with one of his country’s most prominent allies after imposing exorbitant customs duties.

He pointed out that the United States is paying “hundreds of billions of dollars to support Canada,” Trump said, “Without this massive support, Canada was present as a viable country.”

“Therefore, Canada must become our 51st state,” he added, noting that a step of this kind will lead to “much less taxes and military protection much better for the Canadian people – and no fees!”

According to the American Statistical Office, the trade deficit in goods with Canada last year reached 55 billion dollars.

Tags: acknowledgesAmericanscustomsdutieseconomypossibilityrepercussionssufferingTrump
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