US President Donald Trump on Sunday criticised the trade deficits that the US has with Canada, Mexico, China, and argued that America should no longer “subsidise” other countries, and urged businesses to manufacture domestically to avoid tariffs.
Saying that the US won’t be the “stupid country” any longer, lose trillions of dollars in subsidising other countries. Sharing a post on social media platform Truth Social, Trump wrote, “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. Make your product in the USA and there are no tarrifs! Why should the United States lose trillions of dollars in subsidising other countries, and why should these other countries pay a small fraction of the cost of what USA citizens pay for drugs and pharmaceuticals, as an example?”
We pay hundreds of Billions of Dollars to SUBSIDIZE Canada. Why? There is no reason. We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use. Without this massive subsidy, Canada ceases to exist as a viable…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) February 2, 2025
Declaring this the “Golden Age of America,” he acknowledged potential economic challenges but insisted that his policies would restore American strength, bring common sense to governance, and ultimately deliver “spectacular” results.
The post added, “This will be the Golden Age of america ! Will there be some pain? Yes, maybe (and maybe not!) But we will make America great again, and it will all be worth the price that must be paid. We are a country that is now being run with common sense —
and the results will be spectacular!”
Notably, Trump on Saturday announced that effective from Tuesday, the US would impose an additional 10 percent tariff on all goods imported from China on top of existing duties. Trump also announced he is implementing a 25 per cent additional tariff on
imports from Canada and Mexico.
China on Sunday said it “firmly opposes” the new tarrifs imposed on the country by Trump and warned of taking “corresponding countermeasures” to resolutely safeguard its
own rights and interests.
