The Fort Worth Press - Trump announces talks with Canada, Mexico over sweeping tariffs

USD -
AED 3.672504
AFN 64.999537
ALL 81.33886
AMD 361.122502
ANG 1.789785
AOA 917.000035
ARS 1513.022501
AUD 1.444398
AWG 1.80125
AZN 1.67226
BAM 1.743487
BBD 2.013327
BDT 122.956921
BGN 1.747831
BHD 0.377591
BIF 2991.825564
BMD 1
BND 1.281969
BOB 11.720763
BRL 5.097599
BSD 0.999599
BTN 94.969134
BWP 13.742479
BYN 3.017272
BYR 19600
BZD 2.010474
CAD 1.419315
CDF 2313.52571
CHF 0.827897
CLF 0.024941
CLP 981.589897
CNY 6.691203
CNH 6.690261
COP 3177.34
CRC 454.962785
CUC 1
CUP 23.991442
CVE 98.294675
CZK 21.704698
DJF 178.000624
DKK 6.66792
DOP 61.282703
DZD 134.428038
EGP 53.431406
ERN 15
ETB 163.27156
EUR 0.89201
FJD 2.26765
FKP 0.76043
GBP 0.753555
GEL 2.58989
GGP 0.76043
GHS 11.630623
GIP 0.76043
GMD 73.500612
GNF 8794.098638
GTQ 7.63697
GYD 209.078429
HKD 7.847255
HNL 26.837813
HRK 6.719798
HTG 130.89794
HUF 324.396504
IDR 18028
ILS 3.103975
IMP 0.76043
INR 94.52505
IQD 1514.474828
IRR 1795877.500108
ISK 121.490159
JEP 0.76043
JMD 158.942818
JOD 0.708971
JPY 158.149499
KES 129.839569
KGS 87.450398
KHR 4059.583344
KMF 440.000176
KPW 899.999961
KRW 1340.749682
KWD 0.31096
KYD 0.833055
KZT 453.04094
LAK 22484.901161
LBP 89517.060016
LKR 330.904147
LRD 170.435248
LSL 16.519088
LTL 2.95274
LVL 0.60489
LYD 6.421536
MAD 9.796395
MDL 17.963495
MGA 4502.384454
MKD 54.953088
MMK 2099.444361
MNT 3596.720368
MOP 8.080141
MRU 40.052592
MUR 47.307153
MVR 15.460232
MWK 1732.941124
MXN 18.435973
MYR 4.082099
MZN 63.908288
NAD 16.519088
NGN 1330.897808
NIO 36.789417
NOK 9.479897
NPR 151.940099
NZD 1.77843
OMR 0.384489
PAB 0.999666
PEN 3.438747
PGK 4.537452
PHP 63.044004
PKR 276.704729
PLN 3.89635
PYG 5692.383117
QAR 3.643852
RON 4.757698
RSD 104.727545
RUB 83.866756
RWF 1474.885234
SAR 3.753076
SBD 8.064647
SCR 13.951933
SDG 601.498751
SEK 9.958299
SGD 1.28212
SHP 0.754745
SLE 24.679893
SLL 20969.504398
SOS 571.288497
SRD 37.641502
STD 20697.981008
STN 21.840387
SVC 8.746852
SYP 13001.999685
SZL 16.512011
THB 33.519867
TJS 9.211651
TMT 3.51
TND 3.001747
TOP 2.40776
TRY 49.509597
TTD 6.784783
TWD 32.34196
TZS 2639.984999
UAH 44.838258
UGX 4023.070477
UYU 40.203962
UZS 11956.051793
VES 878.023604
VND 25873
VUV 119.689611
WST 2.781623
XAF 585.120197
XAG 0.017491
XAU 0.000240685762
XCD 2.70255
XCG 1.801609
XDR 0.707052
XOF 585.120197
XPF 106.313655
YER 236.150455
ZAR 16.518805
ZMK 9001.194926
ZMW 19.917541
ZWL 321.999592
SSP 5773.824733
MXV 2.08173
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Trump announces talks with Canada, Mexico over sweeping tariffs
Trump announces talks with Canada, Mexico over sweeping tariffs / Photo: © AFP/File

Trump announces talks with Canada, Mexico over sweeping tariffs

President Donald Trump said he will discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, after arguing that Americans may feel economic "pain" from the 25 percent duties but that it will be "worth the price."

Text size:

Speaking to reporters after he flew back to Washington Sunday evening from a weekend in Florida, Trump said he was "speaking with Prime Minister (Justin) Trudeau tomorrow morning, and I'm also speaking with Mexico tomorrow morning."

"I don't expect anything very dramatic," he added.

Trump has also hit China with a 10-percent tariff in addition to levies already in place.

A fervent supporter of tariffs, Trump had always maintained that their impact would be borne by foreign exporters, without being passed on to American consumers, contradicting the opinion of a broad range of experts.

Earlier Sunday he acknowledged, in a series of messages on his Truth Social network, that Americans may feel economic "pain" from his tariffs, but argued it would be "worth the price" to secure US interests.

China, Mexico and Canada are the top three US trade partners and all have vowed to retaliate when the tariffs take effect Tuesday.

"Will there be some pain? Yes, maybe (and maybe not!)" Trump wrote Sunday morning in all-caps on his Truth Social media platform.

"But we will Make America Great Again, and it will all be worth the price that must be paid."

Analysts expect the trade war to slow US growth and increase prices, at least in the short term, something the president had resisted acknowledging after frustration over rising costs was seen as a major factor in his 2024 election win.

Seeking to limit a spike in fuel prices, Trump has put the levy on energy imports from Canada at only 10 percent.

The president has cited illegal immigration and the trafficking of the deadly opioid fentanyl as reasons for the "emergency" measures.

But on Sunday he also expressed general outrage at trade deficits, which he has long viewed as signs of unfair treatment against the United States.

"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," he wrote.

The tariffs announcements capped an extraordinary second week of Trump's new term, with the president facing the worst US aviation disaster in years -- even as his administration moved to drastically overhaul the government in actions decried by critics as illegal.

- '51st state' -

In a separate social media post, Trump took particular aim at Canada, repeating his call for America's northern neighbor to become a US state.

Claiming the United States pays "hundreds of billions of dollars to SUBSIDIZE Canada," Trump said that "without this massive subsidy, Canada ceases to exist as a viable Country."

"Therefore, Canada should become our Cherished 51st State," he said, reiterating the expansionist threat against one of his country's closest allies.

The US Census Bureau says the 2024 trade deficit in goods with Canada was $55 billion.

Canadian backlash was swift, with video posted to social media showing fans at a Toronto Raptors game Sunday booing during the US national anthem.

Trudeau vowed Saturday to hit back with 25 percent levies on select American goods worth Can$155 billion (US$106.6 billion), with a first round on Tuesday followed by a second one in three weeks.

Leaders of several Canadian provinces have already announced retaliatory actions as well, such as the immediate halt of US liquor purchases.

The White House has not publicly announced what actions could end the tariffs.

"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.

- Federal overhaul -

Mexican President Claudia Sheinbaum said she, also, was awaiting Trump's response to her proposal for dialogue.

She said she had directed her economy minister to "implement Plan B," which includes unspecified "tariff and non-tariff measures," promising to detail Monday the steps she intends to take.

Trump said Sunday he also planned to hit the European Union with tariffs "pretty soon," to which the EU said earlier it would "respond firmly."

The drastic trade actions follow similarly sharp efforts by Trump's administration to quickly overhaul the federal government in his first two weeks.

Trump's close ally Elon Musk, the world's wealthiest person, and his so-called Department of Government Efficiency were also pursuing efforts that were not fully clear, including reported attempts to probe federal payment and e-mail systems.

The tumult in the federal government coincided with the collision of an army helicopter and an airliner that killed 67 people in the US capital.

Trump, addressing the crash on Thursday as aviation authorities began their formal investigation, baselessly placed the blame on diversity programs.

M.T.Smith--TFWP