Trump vows to take back 'stolen' wealth
Trump Pushes Plan to Shift Education Control to States
Tariffs on steel and aluminium imports go into effect
Washington: President Donald Trump openly challenged US allies on Wednesday by increasing tariffs on all steel and aluminum imports to 25 per cent as he vowed to take back wealth “stolen” by other countries, drawing quick retaliation from Europe and Canada.
The Republican president's use of tariffs to extract concessions from other nations points toward a possibly destructive trade war and a stark change in America's approach to global leadership. It also has destabilised the stock market and stoked anxiety about an economic downturn.
“The United States of America is going to take back a lot of what was stolen from it by other countries and, frankly, by incompetent US leadership,” Trump told reporters on Wednesday. “We're going to take back our wealth, and we're going to take back a lot of the companies that left.”
