Trump used Twitter again on Friday to rant about the tariffs saying "trade wars are good and easy to win." When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. But Reuters reported that European Union officials were considering applying 25 per cent tariffs on about $3.5 billion US of imports from the U.S. if Trump implements his tariffs plan. TSX-listed steelmaker Stelco reversed earlier losses to close up 0.2 per cent after falling over five per cent on Thursday.

Source: CBC News March 02, 2018 17:47 UTC