Former Vice President Mike Pence warned of a \u201cprice shock\u201d and other consequences of President Trump\u2019s new tariff policy in an interview that aired Monday on CNN.<\/p>\n
\u201cI do have a concern that when the so-called 90-day pause comes off, that even the administration has conceded that there may be a price shock in the economy \u2026 and there may be shortages,\u201d Pence told CNN\u2019s Kaitlan Collins on her show, referencing a pause for 90 days on \u201creciprocal\u201d tariffs against American trading partners<\/a> implemented last month.<\/p>\n His comments follow Trump’s recent statements<\/a> about the rising price of certain items amid his tariffs, including a 145 percent tariff on China.<\/p>\n “Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally,” Trump said.<\/p>\n The president\u2019s tariff policy in his first few months of his second term has rattled markets across the globe, strained relationships with longtime allies such as the European Union and Canada and raised economic anxieties.<\/p>\n Trump and Canadian Prime Minister Mark Carney are set to meet Tuesday amid heightened tensions over trade between their<\/a> respective countries.<\/p>\n After securing victory in a recent Canadian election, Carney said the U.S. president has \u201cfundamentally changed\u201d the world in the last few months, noting sweeping tariffs and a proposal from<\/a> Trump to merge Canada with the U.S.<\/p>\n \u201cAs I\u2019ve been warning for months, America wants our land, our resources, our water, our country,\u201d Carney said in an Ottawa victory speech last month. \u201cThese are not idle threats. President Trump is trying to break us so America can own us. That will never \u2026 ever happen.\u201d<\/p>\n \u201cBut we also must recognize the reality that our world has fundamentally changed,\u201d he added.<\/p>\n Pence said in his CNN interview with Collins that he does \u201chave concerns \u2026 with the president\u2019s call for broad-based tariffs against friend and foe alike, that ultimately the administration is advancing policies that are not targeted at countries that have been abusing our trade relationship.\u201d<\/p>\n The Hill has reached out to the White House for comment.<\/p>\n","protected":false},"excerpt":{"rendered":" Former Vice President Mike Pence warned of a \u201cprice shock\u201d and other consequences of President Trump\u2019s new tariff policy in an interview that aired Monday on CNN. \u201cI do have<\/p>\n