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Tipsheet

Trump Triples Down on Trade War Talk

Speaking from the White House during a joint press conference with Swedish Prime Minister Stefan Löfven Tuesday afternoon, President Trump again brushed aside concerns of a trade war if he implements tariffs on imported steel and aluminum. 

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"We'll have to see. You know, when we're behind on every single country, trade wars aren't so bad," Trump said when asked about how he is working to avoid a trade war. "We've been mistreated as a country for many years and it's just not going to happen anymore."

"We are doing tariffs on steel. We cannot lose our steel industry, it is a fraction of what it once was. And we can't lose our aluminum industry, also a fraction of what it once was," Trump continued reiterating his offer to take tariffs off the table for Canada and Mexico in exchange for a new NAFTA deal. "There’s a theory that, if a country doesn’t have steel, it doesn’t have a country."

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Prime Minister Löfven was also asked about the tariffs and said he respects President Trump's view, but believes a trade war and tariffs will hurt Sweden and the European Union long term. 

"I think it's important for us to try to find a way to cooperate between the European Union and the United States," Lofven said.

President Trump is expected to sign a 25 percent tariff on steel and 10 percent tariff on aluminum sometime this week.

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