U.S. President Donald Trump participates in an onstage interview
President Donald Trump said on Wednesday his tariffs on foreign steel are saving the U.S. industry and he predicted that in the future American steelmakers will mostly face domestic competition.
In a 20-minute interview with the newspaper, Trump said some people may complain that steel prices may be "a little more expensive" in the short term because of the tariffs, but that ultimately they will drop.
He told that the 25 percent tariffs on steel will rescue an industry important to U.S. national security.
As a result of the tariffs, competition will be "internal, like it used to be in the old days when we actually had steel, and U.S. Steel was our greatest company," he told the newspaper.
President Donald Trump took steps on Wednesday to loosen limits on when the U.S. government can deploy cyber weapons against adversaries, reversing Obama-era guidelines, the Wall Street Journal reported on Wednesday.Trump signed an order reversing Presidential Policy Directive 20 that had mapped out an elaborate interagency process before the United States engaged in cyberattacks.The White House did not immediately respond to a Reuters request for comment.Although the policy directive signed by former President Barack Obama was classified, its contents were made public when it was leaked in 2013 by former intelligence contractor Edward Snowden.It was not clear what rules the Trump administration was adopting to replace the Obama-era policy, the Journal said. It said while a number of current U.S. officials confirmed the directive had been reversed, they declined to comment further, citing the classified nature of the process.One administration official briefed on the decision described it as an "offensive step forward" intended to help support military operations, deter foreign election influence and thwart intellectual property theft by meeting such threats with a more forceful response, the Journal said.National security adviser John Bolton began the effort to remove the directive after he took up his position in April.Critics of the Obama-era policy have seen it as preventing a quick and forceful response to cyberattacks by involving too many federal agencies in the planning.US is trying to make Iran 'surrender' through sanctionsTrump’s global policy a string of abandoned commitmentsTrump calls former Apprentice star turned White House aide 'a dog'
Trump loosens limits on when US can deploy cyber weapons
President Donald Trump's trade dispute with Turkey increased downward pressure on U.S. stocks as indexes posted major losses Wednesday.The Dow Jones fell 260 points, or 1 percent, at 3 p.m. EST (1900GMT) to reach its lowest level since last Monday.The SP was down 26 percent with a 0.9 percent decline and the Nasdaq shaved 103 points, or 1.3 percent. Both indexes reached their lowest points since Aug. 2.Video: Turkish businessmen convert $3mln into Turkish lira after Erdoğan callThe three indexes posted losses for three trading days since Friday.The trade dispute between Turkey and the U.S., which are close allies for more than 60 years and NATO members, has intensified worries for investors who took a selling position in the market, according to analysts.President Donald Trump announced Friday that he ordered to double tariffs on steel and aluminum imports from Turkey.In return, Turkey has increased tariffs on several U.S. products, including alcohol, tobacco and cars, according to a new presidential decree published Wednesday in the official gazette.
Trade dispute with Turkey puts pressure on US stocks