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US President Trump made a provocative speech Friday, saying trade war is a good thing and can win easily. He had previously announced plans to impose tariffs on imported steel and aluminum products, which led to a threat of retaliation by trade partners, and the stock market was also under pressure.
The EU may take counter measures, which France calls such tariffs unacceptable and China urges Trump to refrain. Canada says it will be retaliated for the impact of the US tariff.
The U.S. stock market s & P 500 index closed Friday, concussion trend this week. But the main stock index was recorded the biggest weekly decline since early February had, because Trump threatened to impose tariffs on imported steel and aluminum products, investors worried about.
The dollar fell against most currencies and hit the lowest level against the yen for more than two years, as Trump's tariff plan could trigger a trade war.
Trump said Thursday that it will officially announce 25% and 10% tariffs on imported steel and aluminum next week.
"When a country (America) loses almost one billion dollars in trade with almost all countries that have dealings with us, trade war is good and easy to win," Trump announced Friday.
Trump later said in social media that his goal was to protect American employment in the face of the impact of cheaper foreign products. This is similar to the "American priority" slogan he put forward when he ran for president in 2016.

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