March 5, 2018 / 5:54 PM / 7 months ago

Trump declares won't back down on tariffs, does not expect trade war

WASHINGTON (Reuters) - President Donald Trump on Monday said he would not back down from his planned new tariffs on steel and aluminium imports, creating a possible standoff with top lawmakers from his own Republican party who have criticized the planned levies for threatening the U.S. economy and possibly sparking a trade war.

FILE PHOTO: U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque/File Photo

“We’re not backing down,” Trump said during an Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu. “I don’t think you’re going to have a trade war.”

Reporting by Lisa Lambert and Ayesha Rascoe; Editing by Chizu Nomiyama

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