Trump says Americans could feel 'some pain' from his new tariffs PALM BEACH, Fla. (AP) — President Donald Trump says Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China. He's also claiming that Canada would “cease to exist” without its trade surplus with the United States.
The trade penalties that Trump signed Saturday at his Florida resort are causing a mix of panic, anger and uncertainty. And they're threatening to rupture a decades-old partnership on trade in North America while further straining relations with China. But by following through on a campaign pledge, Trump may have simultaneously broken his promise to voters in last year’s election that his administration could quickly reduce inflation.
The tariffs are set to launch on Tuesday. Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China President Donald Trump signed an order to put tariffs on U.S.
neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” Trump declared an economic emergency Saturday in order to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.
Energy imported from Canada, including oil, natural gas and electricity, would be taxed at a lower 10% rate. The business between the North American nations now exceeds China, totaling $.
