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Despite global outrage, Trump says 'trade wars are good and easy to win'

Trump said on Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminium, designed to safeguard American jobs in the face of cheaper foreign products

Reuters  |  BRUSSELS/BEIJING 

US President Donald Trump said on Friday trade wars were good and easy to win, striking a defiant tone after global criticism of his plan to slap tariffs on imports of steel and aluminium that triggered a slide in world stock markets. The European Union pledged firm counter-measures, China urged Trump to show restraint and Canada, the biggest supplier of steel and aluminium to the United States, said it would retaliate if it is hit by US duties. Trump said on Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminium, designed to safeguard American jobs in ...

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First Published: Fri, March 02 2018. 18:53 IST
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