US President Donald Trump explained that Americans may feel economic pain due to the tariffs that have been imposed on Canada, Mexico, and China, considering that "securing American interests is worth this price."
Trump signed his earlier decision to impose 25 percent tariffs on neighboring Mexico and Canada, despite a free trade agreement linking Washington to the two countries. He imposed an additional 10 percent tariffs on China.
The move prompted countries involved to pledge to retaliate amid warnings that a trade war could slow U.S. growth and raise consumer prices in the short term.
Source (Al Khaleej Emirati Newspaper, Edited)
