Tariffs worth the pain says President Trump

DONALD Trump last night declared his global trade war is worth the "pain" and will bring a "golden age of America".

- Stephen Beech

The US President admitted that imposing sweeping tariffs on Canada, Mexico and China could lead to economic hardship for households.

But he insisted it would be "worth the price that must be paid", promising that the results would be "spectacular".

In a lengthy post on his social media site Truth Social, responding to criticisms of his tariffs plan, he wrote: "This will be the golden age of America!

"Will there be some pain? Yes, maybe [and maybe not].