Quotes
We may have in the short term, a little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world.”
The president also tried to clarify his post about the possible inflation, saying on Sunday Tariff increases right across the world can have a really damaging impact on global growth and trade, so I don’t think it’s what anybody wants to see.”
This will be the golden age of America!
In response to a Wall Street Journal editorial calling his tariffs ‘the dumbest trade war in history’, Mr Trump posted on his Truth Social platform What I want to see is strong trading relations
If we play our cards right my view is the UK can do what it’s always done, prosper on the back of trading relationships around the world
Inflation might go up over the next nine months by as much ... as 1%, just at a moment when we were trying to bring it down,
he told CNN's “Inside Politics.” It's hard to know what more we can do, but we're obviously open to any other suggestions that come our way,
Canada's ambassador to the United States Kirsten Hillman told ABC News on Sunday The USA has major deficits with Canada, Mexico, and China (and almost all countries!), owes 36 Trillion Dollars, and we're not going to be the 'Stupid Country' any longer,
Will there be some pain? Yes, maybe (and maybe not!)
Trump wrote Sunday morning in all-caps on his Truth Social media platform Therefore, Canada should become our Cherished 51st State,
he wrote on Truth Social, claiming The 'Tariff Lobby,' headed by the Globalist, and always wrong, Wall Street Journal, is working hard to justify... the decades long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, AND POISONOUS DRUGS."
Trump clapped back on Sunday, saying THOSE DAYS ARE OVER!"
said Trump, who began his Sunday with a visit to one of his golf courses in Florida This is a self-inflicted wound to the American economy, ... I’d expect inflation over the next three or four months to be higher as a consequence, because the price level has to go up when you put a levy on goods that people are buying.”
Summers told host Manu Raju on CNN’s “Inside Politics.” You should be paying for access to American markets."
It's a very mercantilist viewpoint that says American consumers will feel the bite of higher costs for some goods.
On Friday, the right-leaning editorial board of the Wall Street Journal newspaper blasted Trump's tariffs in a piece titled 'The Dumbest Trade War in History,' saying Mr. Trump sometimes sounds as if the US shouldn’t import anything at all, that America can be a perfectly closed economy making everything at home
Leaving China aside, Mr. Trump’s justification for this economic assault on the neighbors makes no sense,
We allow them to take lumber
Last month, Trump said of Canada specifically The imposition of tariffs at each stage of fabrication would be disastrous,
The intellectual basis for the kind of advocacy of tariffs comes from arguments on the US side about large US deficits in manufactured goods, which obviously the US has with China and with the EU. We don’t have that between the US and the UK,
