Trump Says Trade Wars Are ‘Good, and Easy to Win’

U.S. to slap 25% duty on steel, 10% on aluminum: President
China steel industry body calls protection move ‘stupid’

Ed Hyman, vice chairman at Evercore ISI, discusses possible tariffs from the U.S. and prospects of a trade war. (Source: Bloomberg)

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By Joe Deaux, Andrew Mayeda, Toluse Olorunnipa, and Jeff Black

March 1, 2018 at 4:14 PM UTC

Updated on

March 2, 2018 at 3:01 PM UTC

This article is for subscribers only.

President Donald Trump invited a trade war after slapping tariffs on steel and aluminum imports, daring other countries to act on threats of retaliation.

“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 said in an early morning tweet on Friday.