Trump states that Canada would cease to exist without its commercial surplus with the USA.

The commercial sanctions that the president of the United States, Donald Trumphe signed last Saturday in his Florida complex caused a mixture of panic, anger and uncertainty, and threatened to break a commercial association of decades in North America and tighten relations with China even more.

However, when fulfilling a campaign promise, Trump could have simultaneously broken his promise to voters in last year’s elections that his administration will quickly reduce inflation.

Precisely, the American president declared Sunday that his nationals could feel “Something of pain” Due to the emerging commercial war caused by its tariffs against Canada, Mexico and China.

“Will there be any pain? Yes, maybe (and maybe not!) ”, But we will make the United States again, and everything will be worth it”he wrote in a publication on his social networks.

His administration has not said how high that price could be or what improvements would be necessary to stop illegal immigration and smuggling of fentanyl to justify the elimination of tariffs imposed, under the legal justification of an economic emergency. Tariffs are scheduled to take effect on Tuesday.

Criticize Canada

In its publication in Truth Social, Trump especially pointed to Canada, who responded with retaliation measures. The president is imposing a 25% tariff on Canadian goods, with a 10% tax on oil, natural gas and electricity.

In response, Canada is imposing 25% tariffs on more than US $ 155,000 million in American products, including alcohol and fruits.

Trump criticized the commercial surplus of that country with the United States: “We don’t need anything they have. We have unlimited energy, we should manufacture our own cars, and we have more wood than we could never use ”held.

Despite his statement that the United States does not need Canada, a quarter of the oil that consumes the country per day is from its ally of the north.

Trump said without that surplus, Canada would cease to exist as a viable country. “Hard but true. Therefore, Canada should become our precious 51st state. Much lower taxes, and a much better military protection for the people of Canada and without tariffs! ”he added.

The Canada ambassador to Washington has said that the US had a commercial deficit of US $ 75,000 million with his nation last year, but said that a third of what they sell to the US are exports of energy and that there are A deficit when oil prices are high. About 60% of the imports of the United States crude are from Canada.

The Canadian Prime Minister, Justin TrudeauHe is encouraging Canadian to buy more Canadian products and said that Trump’s measures will only cause pain throughout North America. More than 75% of Canada’s exports go to the United States.

“It will have real consequences for people, for workers on both sides of our border,” Trudeau said on Saturday night. “We don’t want to be here. We do not ask for this, but we will not go back to defend the Canadians as much as the incredibly successful relationship between Canada and the United States ”he added.

Mexico announces new tariffs

The president of Mexico, Claudia SheinbaumHe also announced new tariffs and suggested that the US should do more within his own borders to address drug addiction.

The Chinese government said it would take measures to defend their economic interests and intends to submit a demand before the World Trade Organization.

For Trump, the open question is whether inflation could be a political pressure point that would go back. As a candidate, Trump repeatedly criticized the Democrats for inflation under President Joe Biden, which was the result of problems in the supply chain during the pandemic of the Coronavirus, public spending to stimulate the recovery and invasion of Ukraine by Russia .

“Inflation is a disaster”he pointed out in a campaign rally in Philadelphia. “It is a destroyer of countries. It is a total destroyer of countries “he said.

External analysis make it clear that Trump’s tariffs would harm the voters whom he intended to help, which means that he might need to find a resolution.

An analysis of Yale University Budget Lab It shows that, if the tariffs continue, an average American home would lose approximately US $ 1,245 in income this year, in what would be the general equivalent of a tax increase of more than US $ 1.4 billion in the next 10 years.

Goldman Sachsin a Sunday analysis note, he emphasized that tariffs will take effect on Tuesday, which means that they will probably proceed “Although a last -minute agreement cannot be completely ruled out”.

The Investment Bank concluded that due to possible economic damage and possible conditions for elimination “We believe that tariffs are more likely to be temporary, but the perspective is uncertain”.

With AP information.