U.S. President Donald Trump said today that the United States has already lost any trade war by defending tariffs that Washington intends to impose on Chinese products, saying the move may come at a "small cost" but the United States will be very better this way.
"We have already lost the trade war. "We do not have a trade war, we have lost it," Trump said in an interview with New York radio station 77 WABC and the Bernie & Sid show.
"I'm not saying there will be no cost at all but there is a 40% increase in markets, 42%, so we may lose some of that. But when it is over we will have a much stronger country. So we can take a hit, but you know what, in the end we will come out much stronger than that. "
On Thursday, Trump announced that he had instructed the US Department of Commerce to begin considering "additional $ 100 billion" tariffs on China, further escalating tensions between the world's two largest economies. trade.