Trump defends tariffs: When we use them 'foolish people scream!'

Trump defends tariffs: When we use them 'foolish people scream!'

President TrumpDonald TrumpProsecutors focus Trump Organization probe on company's financial officer: report WHO official says it's 'premature' to think pandemic will be over by end of year Romney released from hospital after fall over the weekend MORE on Saturday defended his moves to implement tariffs on imports from China and various U.S. allies, arguing that his controversial protectionist trade steps would make the country richer in the long run.

In a series of tweets, the president accused his critics of being "fools" and claimed that tariffs imposed by his administration were already having a positive effect on U.S. steel.

"Tariffs have had a tremendous positive impact on our Steel Industry. Plants are opening all over the U.S., Steelworkers are working again, and big dollars are flowing into our Treasury. Other countries use Tariffs against, but when we use them, foolish people scream!" Trump wrote.


"Tariffs will make our country much richer than it is today. Only fools would disagree," he added.

Trump also claimed that much of the opposition to his trade action has come from China, despite the fact that many U.S. allies and members of the president's own party have criticized the tariffs.

Beijing has responded to Trump's trade moves in recent weeks with a series of escalating retaliatory measures targeting U.S. soybeans and other exports after the White House moved forward with a tariff package equal to China's annual exports to the U.S.

"China, which is for the first time doing poorly against us, is spending a fortune on ads and P.R. trying to convince and scare our politicians to fight me on Tariffs- because they are really hurting their economy," Trump tweeted Saturday.


Leaders of several countries have rebuked the president for his rhetoric and actions on trade in recent weeks, including Canadian Prime Minister Justin Trudeau, who called the Trump administration's stated reasoning of national security for tariffs on Canadian steel offensive.

Trump has held his ground on the protectionist measures, however, which have earned praise from some union leaders but have been met with sharp criticism from pro-free trade members of his own party.