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Trump praises tariffs as 'the greatest' ahead of meeting with European Commission chief

President Donald Trump defended his trade policy Tuesday morning, declaring that “tariffs are the greatest” because they allow him to fight back against nations that engage in trade practices unfair to the U.S. “Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs,” the president wrote on Twitter. “It’s as simple as that - and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!” Trump has paid special attention to international trade in recent months as part of his effort to rebalance trade relationships around the globe with terms that are more favorable for the U.S. Controversially, much of Trump’s efforts thus far have focused on allies, with the president imposing or threatening to impose import taxes on longtime allies and partners, including Canada, Mexico, South Korea and the European Union. Tariff talk directed at allies has apparently strained Trump’s relationships with some world leaders, leading to tense international meetings this summer at the G-7 summit in Canada and the NATO summit in Brussels. Trump's tariffs have not been without downside for the U.S., with reciprocal tariffs already hurting the market for American agricultural goods and the threat of a full-on trade war looming. The president, seemingly eager to offer reassurances to his broad base of support within the agricultural community, has insisted that farmers will ultimately be better off as a result of his trade policies.

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Politico