- President Donald Trump reportedly announced new tariffs on Thursday on key imports out of anger, according to NBC News.
- Several developments this week, including the departure of one of his top advisers and intensifying coverage of Jared Kushner's foreign business dealings, are believed to have contributed to Trump's frustrations.
- The new measures would impose a 25% tax on imported steel and 10% on aluminum.
ADVERTISEMENT
Trump became 'unglued' and started a trade war on impulse
President Donald Trump reportedly announced new tariffs on Thursday on key imports out of anger.
- The resignation of Hope Hicks, one of his closest advisers;
- The effective demotion of his son-in-law and senior adviser, Jared Kushner, whose top secret security clearance was rescinded;
- Reports of Kushner's foreign business dealings while working in the White House.
The US market reacted sharply to the news Thursday and Friday. The Dow Jones industrial average ended down about 70 points Friday.
Some Republicans, including Wisconsin Gov. Scott Walker, appealed to Trump to reconsider his decision.
ADVERTISEMENT
"I respectfully ask @POTUS to reconsider his position on steel and aluminum tariffs," Walker said in a tweet. "They will lead to the exact opposite outcome of the administration’s stated objective, which is to protect American jobs."
Despite the pushback, Trump doubled down on his decision in several tweets on Friday.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT