President Donald Trump has acknowledged that the newly imposed tariffs on imports from Canada, Mexico, and China may lead to "some pain" for Americans. Despite potential short-term economic challenges, Trump emphasizes the necessity of these measures to address issues such as illegal immigration and drug trafficking.
Outgoing Canadian Prime Minister Justin Trudeau issued a warning Thursday, claiming American consumers will face higher costs if President Donald Trump proceeds with plans to impose 25% tariffs on Canadian imports. Trump told reporters in the Oval Office earlier in the day that he is prepared to enforce the tariffs starting February 1, citing concerns over illegal migration and fentanyl crossing the U.S. border via Canada and Mexico.
US electric car producer Tesla has reportedly held off on plans to buy land to expand its plant in the Chinese province of Shanghai and turn it into the company’s global export hub, as uncertainty over US-China relations grows.
