US President Donald Trump said that it is possible that in the "short term" his compatriots will feel some painful effect from the imposed broad-ranging tariffs on imports from Mexico, Canada and China, but pointed out that these measures are needed to curb illegal immigration and drug trafficking, Reuters reported.
"In the short term, we may feel some, very little pain, and people understand that. But in the long term, the United States is being robbed by practically every country in the world," he said.
The US president also assured last night that European goods „very soon“ will be subject to tariffs similar to those imposed on imports from Canada, Mexico and China, reported Agence France-Presse.
“They really get an advantage over us - we have a $300 million deficit. They don't buy our cars or our agricultural products, practically nothing, but we all buy millions of cars, a huge amount of agricultural products“, Trump explained during a press conference. “I don't have a deadline, but it will be very soon“, he replied when asked when the tariffs would be imposed.
Meanwhile, the US president announced that he would hold talks this morning with Canadian Prime Minister Justin Trudeau and the Mexican government, after imposing a 25% tariff on goods from both countries.
“I will talk to Prime Minister Trudeau tomorrow morning, I will talk to the Mexican government tomorrow morning, but I don't expect anything serious. "We're imposing tariffs because they owe us a lot of money," Trump said last night at a press conference outside his Mar-a-Lago estate in Florida.