Paul Ryan Tax Cut Showcase Upstaged by Trump Tariff Announcement
Mar 11 2018
House Speaker Paul Ryan agreed that the USA needs to take action against "abusers of trade" like China, accusing them of engaging in practices of "dumping and transhipping" of aluminum and steel.
A top Senate Republican is expressing deep concerns that President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VAMORE's latest call for tariffs will undermine the tax-cut law expected to bolster the nation's economic growth.
"I disagree with this action and fear its unintended consequences", House Speaker Paul Ryan said. Ryan stated. "And so, what we're encouraging the administration to do is to focus on what is clearly a legitimate problem and to be more surgical in its approach so we can go after the true abusers".
European Union leader Jean-Claude Juncker also warned President Trump against imposing the tariffs, saying that EU nations would retaliate by placing similar tariffs on US imported products like Kentucky bourbon and blue jeans.
His colleague Mike Lee, of the ultra-conservative Tea Party, immediately claimed congressional powers as defined in the Constitution's first article - which says the power to tax belongs to the legislature - promising "to make sure these tax hikes are never enforced".
Republicans do not like these tariffs. The tariffs will take effect in 15 days.
Trump moreover found little support among Democrats, even though that party is historically more protectionist.
Lawmakers from both parties said Trump's action on trade would hurt the economy and increase prices for consumers and businesses. And Sen. Jeff Flake said he was already working on legislation to nullify the tariffs.
And with midterm elections looming, the extraordinary backlash from the president's Republican Party sets up a showdown between the chief executive and his own majority lawmakers. He said he plans legislation that would nullify them. "Going ahead, that could all be reversed with a trade war", Flake said. "Far more jobs will be lost for other factory workers", Sasse said.
Canada and Mexico will initially be exempt from the tariffs, but both House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell said the scope of the tariffs is still too broad.