House Speaker Ryan criticizes Trump tariff plan

Leslie WoodMar 11, 2018

The president is expected to sign off formally on new tariffs as early as Thursday.

Flake, like many Republicans, has expressed deep concerns about Trump's plans to issue new tariffs on aluminum and steel and says he's ready to fight legislatively if needed.

Flake, an Arizona conservative who has frequently feuded with Trump, said in a statement that Trump's "so-called "flexible tariffs" are a marriage of two lethal poisons to economic growth - protectionism and uncertainty". The Chairman of the Mahoning County Democratic Party in Ohio, David Betras said, "It worries me as a Democrat that the national Democrats don't see that Pennsylvania, Ohio, Michigan, Iowa and Wisconsin were hurt badly by trade deals,".

Congress now has several options: it could pass a law taking back from Trump powers regarding commercial matters, which have been doled out to the White House progressively since the 1930s for purposes of efficiency.In the case of these tariffs, the Republican leader used a 1962 law authorizing the president to tax certain imports in the name of national security protection - legislation rarely invoked in the past except in the notable case of oil.

Trump last week indicated that he would impose 25 per cent tariff on imported steel and 10 per cent on imported aluminum. "I just want fairness".

Trump invited the workers to speak.

The people briefed on the plans said all countries affected by the tariffs would be invited to negotiate with the Trump administration to be exempted from the tariffs if they can address the threat their exports pose to US manufacturers.

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

"You have 140 thousand steel production workers".

"Put simply, the proposed tariffs on steel and aluminum imports threaten to undermine that success", Hatch wrote.

More than 100 House Republicans wrote Trump on Wednesday, asking him to reconsider "the idea of broad tariffs to avoid unintended negative consequences" to the USA economy and workers.

Business leaders, meanwhile, continue to sound the alarm about the potential economic fallout from tariffs, with the president and CEO of the U.S. Chamber of Commerce raising the specter of a global trade war. "They (the administration) truly believe that tariffs is the way to go".

Trump said the levies will take effect in about 15 days, adding that Canada and Mexico could be exempted based on the outcome of talks to renegotiate the North American Free Trade Agreement.

Related Articles:

« Previous article
Next article »

Popular Pages

Waymo to Pilot Autonomous Big Rigs in Atlanta
Waymo is starting out small with this pilot test, using these semi trucks to carry cargo destined for Google's data centers. Waymo has been testing its autonomous tractor-trailers on roads in California and Arizona since past year .

PM Modi pushes for cooperative federalism at Tripura oath-taking ceremony
He said people wanted the government to work for their well-being and prosperity. Jishnu Deb Burman also took oath as deputy chief minister of Tripura .

Ramos leaves Real Madrid match to go to the toilet
Real Madrid travels to Eibar on Saturday for a La Liga match, looking to build on the momentum from a mid-week win over PSG. Aside from Ronaldo, however, Zidane was impressed with few of his players. "There are days when we do not do play so well".

China's tumbling space station may crash near NZ
Thus, it is hard to trace the location where the 6.5-tonne module will crash after entering the Earth's atmosphere. Salyut 7 and the 20-tonne spacecraft broke up over Argentina, scattering debris over the town of Capitan Bermudez.

Brand New Canadian $10 Bill Unveiled
Looking to kill time while her auto was being repaired, she stopped by a local movie theatre. She is also the first non-royal woman on a regularly circulating Canadian bank note.

Strong 6.7-magnitude quake hits Papua New Guinea
Even my own children are refusing to sleep in our house. "Every little movement scares them". All employees and contractors were safe.

Curfew imposed in central Sri Lanka after mobs burn property
Sri Lanka is the world's third biggest tea exporter. The U.N. office in Colombo condemned the violence. Muslim groups deny these allegations.

Boy runs to school in rain after getting kicked off bus
He also believed some parents were too lenient on kids and urged them to get "creative" with their approaches to parenting. Others were up in arms about the fact that Thornhill posted the video on social media.

Google Lens Arrives for Android Devices; Update Coming Soon on iOS
The reason for the users' outburst is that some features available in OWA are missing in native Outlook app. Interestingly, CIRP partner and co-founder Mike Levin says that services play a huge role.

Aadhar not mandatory for NEET 2018 says Supreme Court
A 5-judge Constitution bench of the Supreme Court , comprising of Chief Justice of India Dipak Misra and Justices Justices A.K. The plea was filed by a resident of Gujarat Abid Ali Patel.