With tariffs, Trump reopens GOP split that had healed with tax reform

by Antonio Miles March 11, 2018, 1:23
With tariffs, Trump reopens GOP split that had healed with tax reform

Congress has the power to challenge President Trump on new tariffs, but it's unlikely lawmakers will act even though almost all congressional Republicans oppose the president's trade policy because they believe it will harm the USA economy. The president said some US allies, such as Canada and Mexico, will be exempt as they work with the U.S.to renegotiate the North American Free Trade Agreement.

Walker on Thursday repeated his call for Trump to reconsider, saying "these tariffs will negatively impact key industries and employers in Wisconsin".

"There is, clearly, abuse occurring...clearly, there is overcapacity: dumping in transhipping of steel and aluminum by some countries, particularly China". "I don't think we should be going against the president before we see what the deal is".

"I will immediately draft and introduce legislation to nullify these tariffs, and I urge my colleagues to pass it before this exercise in protectionism inflicts any more damage on the economy", Sen.

Flake, 55, described himself in October as out of step with his party and said he would not seek re-election. The current FAA reauthorization is up March 31, but Congress is likely to pass a temporary fix in the spending bill before a formal reauthorization this summer.

"I disagree with this action and fear its unintended consequences", House Speaker Paul Ryan said.

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Trump invited the workers to speak. Canada and Mexico are exempt, and the White House has invited other nations to bargain for their own carveouts.

Trump says he's sticking with his initial plan for import tariffs of 25 percent on steel and 10 percent on aluminum. Cohn has fought tariff plans for months, combating administration officials such as trade adviser Peter Navarro and Commerce Secretary Wilbur Ross who think the US must do more to protect its economy from predatory policies of foreign countries, particularly China. "We should probably start taking some of that back".

"Trump is not someone who retreats", said Stephen Moore, an economist with the conservative Heritage Foundation and a former campaign adviser. Now efforts are aimed at narrowing the scope of the tariffs, focusing them more closely on "bad actors" such as China.

"We have a conducive tax and regulatory-the economy looks good".

Historically proponents of free trade, several Republicans dubbed the measures "stupid" and "misguided" - if the United States increases the cost of both materials, they hold, American producers of vehicles and other products will suffer setbacks on the worldwide playing field, and consumers will pay more. "I never expected him to be supportive and I told President Trump if he wanted to do a real gas tax increase that he was gonna have to take on the speaker of the House and his leadership team".

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