Following Asian Stock Market Drop, President Trump Declares “Trade Wars Are Good, And Easy To Win”

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!”

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.


 

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