Trump: steel tariffs to rescue U.S. steel industry
U.S. President Donald Trump said in the interview released by The Wall Street Journal that his steel tariffs on China and other countries are rescuing a U.S. industry.
He also predicted that the competition U.S. companies will face in the future will mostly be domestic due to his actions.
According to Trump, some people may complain that in the short term steel prices may be “a little more expensive,” but that they ultimately will drop and his moves will have preserved an industry important to national security.
Competition will be “internal, like it used to be in the old days when we actually had steel, and U.S. Steel was our greatest company,” the U.S. president said.