Published 22 days ago • loading... • Updated 19 days ago

Trump says Canada, Mexico and China tariffs ‘will all be worth it’ — but may cause some ‘pain’

President Donald Trump announced a 25% tariff on Canadian goods and a 10% tax on oil, natural gas, and electricity, stating they 'will all be worth it' despite potential 'pain' for Americans.
Canada is retaliating with 25% tariffs on over $155 billion of U.S. Products, with Prime Minister Justin Trudeau urging Canadians to buy local goods.
The Chinese government plans to defend its economic interests by filing a lawsuit with the World Trade Organization against the tariffs.
An analysis by the Budget Lab at Yale predicts that if tariffs continue, the average U.S. Household could lose about $1,245 in income this year, equivalent to a $1.4 trillion tax increase over the next decade.

Insights by Ground AI

Does this summary seem wrong?

392 Articles

All

Left

Center

126

Right

Fox Business

Trump tariffs prompt warnings from trade groups

President Donald Trump's move to impose tariffs on goods from Mexico, Canada and add further tariffs on China has sparked reactions from several trade groups, who warned the added taxes on imports will drive up costs for American consumers and producers.The president signed an executive order on Saturday that authorized a 25% tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, to go into effect on Tuesday.…

19 days ago·United States

Read Full Article

Raw Story

Trump may have miscalculated how much 'pain' Americans are willing to tolerate: analysis

Donald Trump may have miscalculated just how much financial "pain" Americans are willing to tolerate due to his sweeping tariffs on Canada, Mexico, and China, according to a new article in The Washington Post.Trump posted about the tariffs over the weekend, writing, “WILL THERE BE SOME PAIN? YES, MA...

20 days ago·United States

Read Full Article

Seeking Alpha

North American Trade War Begins

Discover the latest market reactions to President Trump's new tariffs on Mexico, Canada, and China.

20 days ago·United States

Read Full Article

Bangkok Post

Trump says Americans may feel 'pain' in trade war

WASHINGTON - President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global stock markets tumbled on concerns the levies will spark an economically damaging trade war.

20 days ago·Bangkok, Thailand

Read Full Article

Tagesschau

Trump: Tariffs will "perhaps be painful" for US citizens

After the tariffs imposed on imports from Canada, Mexico and China, US President Trump has prepared Americans for the consequences: they could be "painful". At the same time, he indicated a willingness to negotiate.

20 days ago·Hamburg, Germany

Read Full Article

Omaha World-Herald

Trump says tariffs may bring 'some pain' to US

PALM BEACH, Fla. — President Donald Trump said Sunday that Americans could feel "some pain" from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would "cease to exist" without its trade…

20 days ago·Omaha, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year