WASHINGTON _ President Donald Trump did nothing to settle global markets on Friday morning, tweeting after he announced coming tariffs on imports that "trade wars are good."
The Dow Jones and other stock indexes plummeted Thursday after Trump announced he will implement the tariffs next week. And GOP lawmakers reacted quickly by warning the Republican president to pump the brakes and avoid a trade war.
The president defended his actions Friday morning.
"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," the president tweeted.
"Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big," he wrote. "It's easy!"
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