With tariffs signed, Trump warns of ‘pain’ to come for Americans
CNN
A day after levying steep new tariffs on Mexico, Canada and China, President Trump acknowledged what economists, members of Congress and even some of his own aides — in their previous lives — have been saying all along: Americans may find themselves paying the costs.
A day after signing steep new tariffs on Mexico, Canada and China, President Donald Trump acknowledged what economists, members of Congress and even some of his own aides — in their previous lives — have been saying all along: Americans may find themselves paying the costs. “THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump posted, in all capital letters, on his Truth Social platform. The message, which appeared in the hour before Trump arrived to his West Palm Beach, Florida, golf club for the second day in a row, amounted to an advance warning. Trump is serious about fulfilling his campaign promises to end illegal immigration, curb the flow of deadly drugs and rebalance continental trade. But doing so will be uncomfortable — or worse — for Americans already contending with a high cost of living. “WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID,” Trump wrote. “WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!” As industries brace for the new tariffs — 25% on goods from Mexico and Canada, and 10% on imports from China — it remains to be seen how long it will take for higher costs to have an impact on American consumers. The tariffs are set to go into effect Tuesday at 12:01 a.m. ET. In a tacit acknowledgement that upside pressures could affect Americans’ gas and heating costs, Trump levied only a 10% tariff on Canadian oil and gas.
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