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.

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