Published: Sun, March 11, 2018
Worldwide | By Gretchen Simon

Trump rolling out big trade tariffs, sparing Canada, Mexico

Trump rolling out big trade tariffs, sparing Canada, Mexico

The US administration said the president still plans to sign off on global steel and aluminum tariffs as early as Thursday, but indicated there could yet be exemptions for infuriated allies.

"I disagree with this action and fear its unintended consequences", Ryan said. What's frustrating, though, is that there was nothing inevitable about the fact that Trump would embrace poorly-targeted tariffs-the fault lies nearly entirely with conservatives who've refused to give an inch to the party's rising constituencies on trade policy, despite the fact that it's an issue with enormous symbolic resonance.

During a news conference in Atlanta on Thursday, House Speaker Paul Ryan (R-WI) was asked for his thoughts about news that President Trump's personal lawyer made a $130,000 hush payment just days before the 2016 election to an adult film actress who allegedly had an affair with Trump - a payment that the White House accidentally admitted on Wednesday the president was involved in.

"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 added.

More than 100 House Republicans, led by Ways and Means Committee Chairman Kevin Brady, urged Trump on Wednesday to reconsider broad tariffs, warning that they would cost American jobs, raise prices for consumers and hurt domestic manufacturing.

Several Republicans, including Flake, have openly called the President's views on trade misinformed and misguided.

If the WTO threw out the US tariffs, the president - already critical of WTO rulings against America - might be tempted to pull out of the organization. "Important questions remain about whether ultimately these tariffs will be sufficiently targeted, tailored and limited", McConnell said. Mike Lee, R-Utah. He introduced legislation in January that would amend a 1974 trade law to require the president to get congressional approval before making any major trade policy moves, including imposing new tariffs.

Trump tariffs: European Union wants clarity on exemption
Trade Representative Robert Lighthizer and Japanese Minister for Economy, Trade and Industry Hiroshige Seko in Brussels. Trump imposed the tariffs despite pleas from friends and allies who warned the new measure could ignite a trade war.

"If we don't make the deal on NAFTA, and if we terminate NAFTA ... we'll start all over again". "We don't know where this $130,000 came from..."

Sen. Dick Durbin of IL, the Senate's No. 2 Democrat, said he wanted to see what Trump produces, but he believes Trump is "painting with too broad a brush".

"Trade wars are not won, they are only lost", he said in a statement.

Whether Trudeau likes it or not, Canada's prosperity is tied to our friends and allies in the USA and Mexico. While lawmakers technically could try to counter Trump on trade with some kind of legislative response, there is no clarity about what that would look like, and what kind of precedent it would set.

"China has been rapacious about trade", Schumer said on the Senate floor Thursday.

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 USA manufacturers.

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