Despite the sharp drop in Asian and European stocks as a result of fears over Trump’s proposed tariffs, the president attempted to put those in doubt at ease this morning via Twitter.
“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump tweeted out early this morning.
“Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!”
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
On Thursday, President Trump announced that the United States would impose a 25% tariff on steel imports and a 10% tariff on imported aluminum; Asian and European markets took a sharp tumble shortly after. The President’s moves are meant to counteract the current saturation of imported aluminum and steel in the US.
These new measures are meant to rebuild US steel and manufacturing industries, both of which have been in sharp declines.
Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!
— Donald J. Trump (@realDonaldTrump) March 1, 2018
The post Following Asian Stock Market Drop, President Trump Declares “Trade Wars Are Good, And Easy To Win” appeared first on The Gateway Pundit.
