ADVERTISEMENT

Trump says he doesn't think we're going to have a trade war — 3 days after he said trade wars were 'good'

"I don't think you'll have a trade war," President Trump said days after calling trade wars "good, and easy to win."

  • President Trump said Monday that a trade war was unlikely despite recently announced tariffs on steel and aluminum.
  • Trump tweeted on Friday that a trade war would be "good, and easy to win."
  • Other countries have already promised to respond to the new tariffs with import taxes of their own.
ADVERTISEMENT

President Trump on Monday said that despite imposing new tariffs on imports of steel and aluminum, there's no need to worry about a trade war. "I don't think you'll have a trade war," Trump said. "I don't think so."

The comments, made during a White House meeting with Israeli Prime Minister Benjamin Netanyahu, came just four days after Trump announced new tariffs — taxes on imports — for steel and aluminum coming into the US.

They also came after Trump himself repeatedly courted the possibility of a fight on Twitter.

ADVERTISEMENT

"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 Friday.

Trump told reporters on Monday that he was "not backing down" from the proposed tariffs despite promises of retribution from other countries and warnings from leaders of his own political party.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

A look into the diverse tax reforms being implemented across Africa

A look into the diverse tax reforms being implemented across Africa

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

China dethrones USA as the most influential global power in Africa: Report

China dethrones USA as the most influential global power in Africa: Report

Major African economies expecting inflation ease into next year, except Nigeria

Major African economies expecting inflation ease into next year, except Nigeria

10 African countries with the lowest price changes in household commodities

10 African countries with the lowest price changes in household commodities

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

ADVERTISEMENT