On Sunday, President Donald Trump vowed to move ahead with steep new tariffs on U.S. allies and trading partners, saying the nation has been ripped off and is "not going to be the 'stupid country' any longer," while Canada and Mexico prepared financial countermeasures.
"WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!)" Trump posted on Truth Social. "BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID."*
Trump commented hours after imposing new levies on imports from Canada, Mexico and China, the nation’s three largest trading partners, bewildering the leaders of Canada and Mexico. The tariffs are set to take effect early Tuesday, when American importers will be assessed a new 25 percent tax on goods from Canada and Mexico and 10 percent on products from China.
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* OSAP elected not to correct all of the unnecessary, grammatically incorrect capitalization in the social media post from Trump.