By Friday Trump will likely remove the tariff after the stock market plummets this week and declare victory claiming Canada made some kind of concession.
The buck stops here.
PALM BEACH, Fla. (AP) â President Donald Trump said Sunday that Americans could feel âsome painâ from the emerging trade wartriggered by his tariffs against Canada, Mexico and China, and claimed that Canada would âcease to existâ without its trade surplus with the United States.
The trade penalties that Trump signed Saturday at his Florida resort caused a mix of panic, anger and uncertainty, and threatened to rupture a decades-old partnership on trade in North America while further straining relations with China.
Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will âdefinitely happenâ with the European Union and possibly with the United Kingdom as well.
He brushed aside retaliatory measures from Canada, saying, âIf they want to play the game, I donât mind. We can play the game all they want.â Trump said he plans to speak with his Canadian and Mexican counterparts on Monday.
By following through on his tariffs campaign pledge, Trump may also have simultaneously broken his promise to voters in last yearâs election that his administration could quickly reduce inflation. That means the same frustration he is facing from other nations might also spread domestically to consumers and businesses.
âWILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),â Trump said in a social media post. âBUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.
His administration has not said what specific improvements would need to be seen in stopping illegal immigration and the smuggling of fentanyl to merit the removal of the tariffs that Trump imposed under the legal justification of an economic emergency. But Trump, speaking to reporters after Air Force One, landed said that the trade imbalances with Canada and Mexico would also need to be erased as a condition for lifting the tariffs.
The president also tried to clarify his post about the possible inflation, saying on Sunday: âWe may have in the short term, a little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world.â
The tariffs are set to launch Tuesday and triggered confusion as Canadaâs U.S. ambassador, Kirsten Hillman, told ABC News that her country was perplexed by the move because âwe view ourselves as your neighbor, your closest friend, your ally.â
In his Truth Social post, Trump took particular aim at Canada, which responded with retaliatory measures. Trump is placing a 25% tariff on Canadian goods, with a 10% tax on oil, natural gas and electricity. Canada is imposing 25% tariffs, more than $155 billion Canadian (US$105 billion), on U.S. products, including alcohol and fruit.
Despite Trumpâs assertions that the U.S. does not need Canada, one-quarter of the oil that America consumes per day is from its ally to the north. He reiterated his false claim that America subsidizes Canada by running a trade imbalance, a reflection in part of Canada exporting energy to the U.S.
Trump contended that without that surplus, âCanada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of Canada â AND NO TARIFFS!â
Prime Minister Justin Trudeau is encouraging Canadians to buy more Canadian goods, and says Trumpâs moves will only cause pain across North America. More than 75% of Canadaâs exports go to the U.S. Canada will first target alcohol, cosmetics and paper products; a second round later 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 trading partner of the U.S.
Mexicoâs president, Claudia Sheinbaum, also announced new tariffs and suggested the U.S. should do more within its own borders to address drug addiction. She and Trudeau spoke after Trumpâs announcement and agreed âto enhance the strong bilateral relationsâ between Canada and Mexico, according to the prime ministerâs office.
The Chinese government said it would take steps to defend its economic interests and intends to file a lawsuit with the World Trade Organization.
For Trump, the open question is whether inflation could be a political pressure point that would cause him to back down. As a candidate, Trump repeatedly hammered Democrats over the inflation under President Joe Biden that resulted from supply chain issues during the coronavirus pandemic, the Biden administrationâs own spending to spur the recovery and Russiaâs invasion of Ukraine.
Trump said his previous four years as president had low inflation, so the public should expect the same if he came back to the White House. But he also said specifically that higher inflation would stagger the U.S. as a nation, a position from which he now appears to be retreating with the promise of even more tariffs to come.
The U.S. president did not offer details Sunday about when he would impose tariffs elsewhere, but he said they would be coming âpretty soonâ for the EU, which is also composed of U.S. allies.
Larry Summers, treasury secretary in the Clinton administration, said the tariffs were a âself-inflicted wound to the American economy.â
He told CNNâs âInside Politicsâ that âon the playground or in international relations, bullying is not an enduringly winning strategy. And thatâs what this is.â And the ultimate winner, Summers suggested, would be Chinese leader Xi Jinping because âweâve moved to drive some of our closest allies into his armsâ and âweâre legitimating everything heâs doing by violating all the international norms that we set up.â
Outside analyses make clear that Trumpâs tariffs would hurt the voters that he intended to help, meaning that he might ultimately need to find a resolution.
An analysis by the Budget Lab at Yale shows that if the tariffs were to continue, an average U.S. household would lose roughly $1,245 in income this year, in what would be the overall equivalent of a more than $1.4 trillion tax increase over the next 10 years.
Goldman Sachs, in a Sunday analyst note, stressed that the tariffs go into effect on Tuesday, which means theyâre likely to proceed âthough a last-minute compromise cannot be completely ruled out.â
The investment bank concluded that because of the possible economic damage and possible conditions for removal âwe think it is more likely that the tariffs will be temporary but the outlook is unclear.â
___
By Josh Boak. Associated Press writers Michelle L. Price in New York and Rob Gillies in Toronto contributed to this report.
Donât worry Trump, Neo-nazi Elon Musk and the other oligarchs will feel no pain from this move. Those who already are living paycheck to paycheck and those who depend on government assistance are ones that will suffer for Trumps ill conceived actions. People already suffering from layoffs and cuts to the Meals on Wheels, Job Corps and other programs will struggle to live as inflation increases due to the Trump tariffs and the resultant trade wars.
Billionaire Neo-Nazi has ceased illegal control of nations âcheckbookâ. Americans are about to find out how much the government has been doing for them as services they take for granted are removed.
It sounds to me that only a few people have access to something that should have transparency. And theyâre freaking out that Elon Musk is gonna do with it what he did with Twitter and expose all the partisan corruption. I say, bring it on. How is he gonna do his job without access to this stuff?
This is the Peopleâs checkbook! Transparency now!
Conservative newspaper, the Wall Street Journal calls Trumpâs tariffs the dumbest trade war in history.â Trump will impose 25% tariffs on Canada and Mexico for no good reason.â
U.S. Stocks Bounce Back After Delay on Mexicoâs Tariff Announced
The S&P 500 regained some of its losses from earlier in the day. Shares in Asian manufacturers and European carmakers tumbled on concern that tariffs will hurt trade and disrupt supply chains.
Trump is withdrawing his tariff threats of even faster than I predicted. I said heâd do it by Friday of this week. Mexican President Sheinbaum agreed to deploy 10,000 additional troops, who President Trump said would be designated to stop the flow of migrants and illegal drugs across the U.S.-Mexico border. Letâs see what happens with Canada and China. And most importantly to the majority of people who voted for Trump, letâs see what happens to the American economy.
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My first analysis of the helicopter/plane crash was: why is that helicopter flying straight towards, and then into, that plane⌠helicopters are pretty-manoeuvrable things, and yet it stayed on course towards a crash.
https://www.newsweek.com/blackhawk-helicopter-pilot-what-we-know-2024107
In a briefing with reporters on Thursday, Jonathan Koziol, chief of staff for Army aviation, said that the pilot commanding the flight was female with more than 500 hours of flight time. The male instructor pilot had over 1,000 hours of flight time, and the crew chief also had hundreds of hours of flight time.
Transportation Secretary Sean Duffy on X: âWhat happened today should never have happened. I want the families of the victims to know that they have my word: I will not rest until you have the truth. I will find answers to how this happened. I have directed every relevant agency to immediately investigate what went wrong, and I will not tolerate delays or bureaucratic excuses. If there was negligence, incompetence, or failure anywhere in the system, we will find itâand I will fix it. I will provide further updates as we uncover the facts.â
Why do the parents of the third/female âcommandingâ pilot not want her name released, even though that goes against official protocol for all such incidents.
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Rumour has it they might have been trans⌠If so, did they pull a Hinton?
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The American public should know where their tax dollars have been going to and to whom/what.
The federal department panicking over this matter is a giant red flag⌠all government expenditure should be held accountable to the government and to its citizens, across all departments.
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âŚfor no good reason? 
To the extent Musk can be said to have a job in the administration, he has no authority to shut down USAID. Neither does Trump. Congress controls the federal budget, and it is Trumpâs job to execute that budget as instructed by Congress. Trump does his job by ensuring that the money gets spent as appropriated by Congress, not by giving carte blanche to an unelected, unvetted private citizen.
⌠which is illegal. Trumpâs strategy is to challenge Congress and the courts to stop him. The power of enforcement lies with the Executive branch. The legal process is slow. The Republicans hold a majority in both houses of Congress. My focus in this thread is to look for where the opposition and resistance comes from. History shows that appeasement wonât work against fascism. Trumpâs strategy of flooding the zone to create shocking all in his opponents wonât last. But itâs having a devastating affect at the moment.
Bush can do this:
But Trump canât appoint Musk & Ramaswamy to run the department of government efficiency?
Uh⌠Yeah, he can.
Theyâre violating the congressional power of the purse. Thatâs unconstitutional.
Thereâs no such thing as DOGE. They are operating only under Trumpâs executive authority.
Isnât that how all of the departments are operating? âŚunder somebodyâs authority? Do any of the departments actually exist? What does it mean to exist?
Does space force not really exist?
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@felix.. the tariffs were put there to help counter the drugs and child/people/sex-trafficking problem, by forcing those countryâs hands to tackle the situation instead of them continuing to let them proliferate.
This is the exact âargument from ignoranceâ aka âdisinformationâ that is coming from a disgruntled-Left, that Zuckerberg et al are helping quell, that I mentioned earlier and in the other Trump threads.
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The guy is doing good, but all heâs getting is grief.
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some of the good reason seems to be:
https://www.msn.com/en-us/news/world/canada-and-trump-reach-a-border-deal-that-delays-tariffs-for-at-least-30-days/ar-AA1ylViD
I bet his negotiation strategy is all there in âthe art of the dealâ
Trump has used the typical strategies of a demagogue. demagogue (/ËdÉmÉÉĄÉÉĄ/; from Greek δΡΟιγĎÎłĎĎ, a popular leader, a leader of a mob, from δáżÎźÎżĎ, people, populace, the commons + áźÎłĎÎłĎĎleading, leader),[1] or rabble-rouser ,[2][3] is a political leader in a democracy who gains popularity by arousing the common people against elites, especially through oratory that whips up the passions of crowds, appealing to emotion by scapegoating out-groups, exaggerating dangers to stoke fears, lying for emotional effect, or other rhetoric that tends to drown out reasoned deliberation and encourage fanatical popularity.
Trump has exaggerated the crimes of undocumented workers in the United States in order to stoke the indignation of Americans against them. He failed to acknowledge progress made by the Biden administration during the last to decrease the number of immigrants entering the country over the past 12 months after Trump encouraged Republican lawmakers not to pass a bill that wouldâve further improved the situation.
Trump reached deals and declared victory quicker than I predicted above. I predicted it would happen by Friday this week. He had to jump on it quicker because the stock market immediately plunged. All this to make it look like heâs doing something. Whether it will have any actual positive effect on the economy, which is what people elected him to do remains to be seen. Meanwhile, it keeps him front and center of the news cycle, which has been the focus of his winning strategy since he entered politics.
I told you, democrats love those, drugs and people trafficking. Ever notice how they always resist efforts to stop these things?