Americans could feel pain in trade war with Mexico, Canada, China – Trump

United States President Donald Trump on Sunday said that the sweeping tariffs that he has imposed on Mexico, Canada and China may cause short term pain for Americans as global markets reflected concerns that the levies could undermine growth and reignite inflation.
Trump said he would talk on Monday with the leaders of Canada and Mexico, which have announced retaliatory tariffs of their own, but downplayed expectations that they would change his mind.
“I don’t expect anything dramatic. They owe us a lot of money, and I’m sure they’re going to pay,” he said.
According to him, tariffs would definitely happen with the European Union, but did not say when.
Critics have said that Trump’s plan to impose 25% tariffs on Canada and Mexico and 10% tariffs on China will slow global growth and drive prices higher for Americans.
However, the president said they are needed to curb immigration and narcotics trafficking and spur domestic industries.
“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said.
Americans could feel pain in trade war with Mexico, Canada, China – Trump