Donald Trump has said that Americans may feel economic “pain” from his tariffs on key trading partners.
“Will there be some pain? Yes, maybe (and maybe not!)” Trump wrote on Sunday in all capital letters on his Truth social media platform, a day after signing off on tariffs on Mexico, Canada and China.
“But we will Make America Great Again, and it will all be worth the price that must be paid,” he added.
Longer than that, most likely, since tariffs raise prices on the end consumer and once those tariffs eventually go away there’s no incentive to lower the price back to pre-tariff levels.
Trump using examples of effective US economic policy from over a century ago and trying to apply it to modern international trade is peak Trump.