The Wall Street Journal: Trump claims his tariffs will revive U.S. steel industry

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WASHINGTON — President Trump said that his steel tariffs on China and other countries are rescuing an iconic U.S. industry that was in danger of closing and predicted that the competition U.S. companies will face in the future will mostly be domestic due to his actions.

In an impromptu, 20-minute Oval Office interview Wednesday, Trump said some people may complain that in the short term steel prices may be “a little more expensive,” but that they ultimately will drop and his moves will have preserved an industry important to national security.

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 said.

Trump’s remarks came on the same day the White House announced he was revoking the security clearance of one of his most vocal critics, former Central Intelligence Agency Director John Brennan. The White House is also trying to contain any damage from publicity surrounding the release of a tell-all book by Omarosa Manigault Newman, a former senior White House official who was fired in December.

An expanded version of this report appears on WSJ.com.

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