Trump's Trade War Backfires As Red States Defy Him

The Trump administration's economic plan to implement a 25 percent steel tariff and a 10 percent aluminum tariff, and with potential exemptions for bilateral trade partners, is being met with resistance within the president's own Republican Party.

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

"We will continue to urge the administration to narrow this policy so that it is focused only on those countries and practices that violate trade law", Ryan said.

President Donald Trump announced new tariffs on steel and aluminum on Thursday.

As Trump vows to sign new bilateral treaties and amend the North American Free Trade Agreement, congressional leaders could seize the moment to reaffirm their role in U.S. trade policy.

Trump said on Thursday that Canada and Mexico would be exempted from the tariffs as they try to negotiate a larger trade agreement.

Flake is also planning to introduce legislation to nullify Trump's tariffs on steel and aluminum imports, set to take effect later this month. "Tariffs married with uncertainty are even worse". The conservative Washington Examiner, editorialising against the tariffs, notes that this delegation was "part of a disturbing trend of Congress handing excessive power over to the president". At least he'll have on his side fellow Arizona Republican Sen.

Flake has not said he's running for president in 2020 but has refused to rule out such a move, even while acknowledging he probably couldn't get renominated for Senate in his home state.

"A strong steel and aluminum industry are vital to our national security - absolutely vital". Some of them will be mildly helped by the president's tariffs. Harmful trade policies like this will only hurt American consumers and businesses by driving up manufacturing costs and diminishing productivity. Tariffs could also result in Europe raising prices on American imports.

Trump appeared at a rally in Moon Township, Pennsylvania, on Saturday in an effort to help Republicans win a congressional district that the president won by 20 points in 2016 and endorse candidate Rick Saccone in the special election on Tuesday.

"You have 140 thousand steel production workers". It's big government picking winners and losers.

Turning a bill of that type into law would accomplish three good ends: stopping an economically destructive policy; promoting a healthier balance between the legislative and executive branches; and putting some distance between the Republican Party and Trump.

(Copyright © 2015. All Rights Reserved.)
 
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