Trump Vows to Change the Stakes in Trade War
US President Donald Trump has defended his decision to impose additional customs duties on Canada, Mexico, and China, stating that the United States has been taken advantage of by almost every country. Trump made these statements to journalists after returning from his Mar-a-lago mansion in Florida to Washington.
In regards to the decision to apply additional customs duties to Canada, Mexico, and China, Trump announced that he will be meeting with Canadian Prime Minister Justin Trudeau and Mexican officials. He expressed confidence that these countries will pay the debts owed to the United States, emphasizing the imbalance in trade relationships. Trump mentioned that the US provides about 200 billion dollars to Canada annually without receiving much in return, and hinted at potential actions against Mexico.
Addressing concerns about potential price increases in the US due to additional customs duties, Trump acknowledged that there may be short-term negative impacts but emphasized the need for change. He criticized the European Union for not buying American cars or farm products while benefiting from trade with the US. Trump suggested that additional taxes could be imposed on the European Union in response.
As tensions rise with key trading partners, including Canada, Mexico, China, and the European Union, the Trump administration is taking a tough stance on trade relationships. The President’s defense of additional customs duties reflects his commitment to addressing trade imbalances and protecting American interests in the global market.
