Trump defends new tariffs: 'Trade wars are good'
WASHINGTON (AP) — President Donald Trump is arguing for steep tariffs on steel and aluminum imports, saying "trade wars are good."
In a tweet Friday, Trump writes: "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."
He argues that when the U.S. is "down $100 billion with a certain country and they get cute, don't trade anymore-we win big. It's easy!"
On Thursday, Trump said firm action was crucial to protect U.S. industry from unfair competition and to bolster national security.
However, his announcement came only after an intense internal White House debate. It brought harsh criticism from some Republicans and roiled financial markets with concerns.