President Donald Trump on Feb. 2 defended his move to impose sweeping tariffs on the top three U.S. trading partners, acknowledging that the actions could cause “some pain” for Americans in the economic fallout.
On Feb. 1, Trump imposed 25 percent tariffs on Canada and Mexico and 10 percent tariffs on China, citing unfair trade terms and his wish to curb illegal immigration and illicit fentanyl trafficking. Opponents say the tariffs, scheduled to start on Feb. 4, will likely spur a global trade war.
Trump defended his actions, saying the United States is losing “trillions of dollars” in its trade deals with the three nations. He emphasized that there are no tariffs if companies make their products in the United States.
“This will be the golden age of America! Will there be some pain? Yes, maybe (and maybe not!). But we will make America great again and it will all be worth the price that must be paid,” Trump wrote in a post on his social media platform, TruthSocial, in all capital letters.
“We are a country that is now being run with common sense—and the results will be spectacular!!!” […]
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