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U.S. President Donald Trump announced Thursday that the United States will impose tariffs of 25% on steel imports and 10% on imported aluminum during a meeting at the White House.   © Reuters
The Trump effect

US tariffs threaten to upend the free trade order

'Trade wars are good' Trump says as China and Europe prepare countermeasures

TAKESHI KAWANAMI, Nikkei staff writer | China

WASHINGTON -- After announcing steel and aluminum tariffs, challenging the free trade framework, U.S. President Donald Trump doubled down on Friday by tweeting that trade wars are good.

When a country 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 wrote. 

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