Trump: Trade wars create jobs for U.S.

By

National News

June 3, 2019 - 10:17 AM

President Donald Trump fields questions from reporters Thursday in Washington, D.C. GETTY IMAGES/WINN MCNAMEE/TNS

WASHINGTON — President Donald Trump defended his decisions to impose or raise tariffs against imports from Mexico and China, respectively, saying “companies are moving to the U.S.” to avoid paying the levies.

Widening trade tension has contributed to a slide in asset values over the past few weeks. The stock market slide on Friday extended a weekly loss to the worst since Christmas, and many strategists predict more losses ahead.

Upon returning from several hours at the Trump National Golf Club in Virginia, the president on Saturday issued a series of tweets about the trade actions.

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