Trade wars are good, says Trump


US President Donald Trump has said "trade wars are good", amid controversy over his decision to impose tariffs on steel and aluminum imports.

He tweeted that the US was "losing billions of dollars on trade" and would find a trade war "easy to win".

On Thursday he said steel imports would face a 25% tariff and aluminum 10%.

Canada and the EU said they would bring forward their own countermeasures. Mexico, China and Brazil have also said they are considering retaliatory steps.

Critics argue that the tariffs would fail to protect American jobs and would ultimately put up prices for consumers.

The news sent shares in both Asia and Europe down on Friday.



Popular Posts

Top military intelligence official of Ukraine's wife is hospitalized after reportedly becoming ill from heavy metal poisoning.

In The Attack Hoax Case, Jussie Smollett Was Sentenced To 150 Days In Prison

In The Wake Of Honor Charges, Prince Charles' Former Aide Resigns From His Charity Position

Depression After Pregnancy: Understanding And Coping With Postpartum Blues

Supreme Court Upholds Arizona Vote Casting Restrictions

The Residence Of Prince Andrew's Accuser In The United States Is At Stake In Her Sex Abuse Case Against Him.

CBN DONATES INTERVENTION FUNDS OF 338.6B

The Human Cost Of A Russian Attack Would Be Enormous, According To Biden

Asthma And Pregnancy: Tips For A Healthy Journey

Liverpool Defeats Chelsea In The Premier League, A Last Round Of Shooting