Trump insists on tariffs, new NAFTA

While Republicans are anxiously lobbying US President Donald Trump to reconsider his plans to impose tariffs on steel and aluminum imports to the US, Trump has brushed off such demands saying ‘We’re not backing down’ on steel tariffs.

“No, we’re not backing down,” Trump told reporters at the White House, claiming the US “has been ripped off by virtually every country in the world, whether it’s friend or enemy.”

Asked if the move could trigger a global trade war, Trump said, “I don’t think you’re going to have a trade war.” 

On Monday morning Trump also tweeted about tariffs on steel and aluminum imports from America’s neighbors Mexico and Canada, which along with the US, are signatories to the North American Free Trade Agreement, commonly known as NAFTA.

 “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies &…

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