Trump defends new steel and aluminum tariffs

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,’ the president tweeted.

‘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!’

Trump added in a second tweet that ‘[w]e must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!’

While some of America’s trade imbalances could inch closer to parity if nations like Chinaand Russia export less to the U.S., the resulting shortage of raw materials would likely have a negative impact on consumers’ checkbooks



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