President Donald Trump indicated there might be “some pain” after he signed executive orders introducing significant tariffs on imports from Canada and Mexico, along with a 10% duty on imports from China, which are crucial trade allies of the U.S.

“THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!)” Trump proclaimed in an all-caps message on Truth Social Sunday morning, defending his tariffs. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”

Set to be implemented on Tuesday, these new tariffs feature a 25% tax on products from Canada and Mexico, and a 10% tax on goods from China. Trump has stated that the goal is to encourage these nations to take action against the flow of fentanyl and migrants coming into the U.S. from their borders.

However, some economists have cautioned that these actions might lead to higher prices for American consumers and increased inflation. Imports like timber from Canada and produce from Mexico are expected to see price hikes.

Tariffs are taxes applied to foreign goods entering the U.S. and are ultimately paid by domestic manufacturers or retailers, often passed onto consumers. Inflation has been a significant concern for Americans, especially since it reached peak levels in 2022.

Leaders from the affected countries have expressed strong disapproval of the tariffs. Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have both pledged to respond with their own tariffs, potentially igniting a trade war involving the U.S.

China has announced plans to contest Trump’s 10% tariffs at the World Trade Organization, among other responses.

Trump has consistently defended his tariff policies, rejecting the notion that they would harm Americans. He believes they will encourage companies to manufacture domestically. Nonetheless, he did mention to reporters on Friday that there could be “some temporary short-term disruption,” noting that people “will understand.”

“WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE,” the president stated on Sunday. “AND THE RESULTS WILL BE SPECTACULAR!!!”

Kirsten Hillman, Canada’s ambassador to the U.S., expressed optimism for a resolution on Sunday.

“We’re hopeful that they don’t come into effect on Tuesday,” Hillman stated during an appearance on ABC’s “This Week.” She mentioned that Canadian officials are open to further discussions with the U.S. but emphasized that Canadians expect their government to “stand up for itself.”

A recent Reuters/Ipsos poll indicated that Americans are divided over tariffs, with 54% opposing new duties on imported goods and 43% supporting them, showcasing a split where Democrats tend to oppose while Republicans show more support.

Contributing: Paul Davidson, YSL News; Reuters