GOP Lawmakers Voice Little Support For Trump's Tariffs

GOP Lawmakers Voice Little Support For Trump's Tariffs

"If Canada and Mexico were to be excluded, we would perhaps maybe have to raise the tariffs on everybody else - and modestly I might add, modestly - to ensure that our steel and aluminum industries are defended", he said.

Trump apparently will be negotiating future possible exemptions, meaning we could essentially see a series of miniature trade deals with individual countries, each affecting the steel and aluminum industries in new ways.

"A generalized tariff that would harm allies, harm American consumers, by the way, harm American workers that use steel in production, hurting their competitive nature in global markets as well, I'm opposed to that", Johnson said.

"It's really an assault on our country", he said, in announcing the tariffs of 25 per cent on imported steel and 10 per cent on aluminum. "We just want fairness".

Wang Hejun, an official from the Ministry, pointed out that China will take the necessary measures to defend its rights and legitimate interests in light of U.S. President Donald Trump's signing of the documents making that decision official.

That scenario, Tom Donohue said, would endanger the economic momentum from the GOP tax cuts and Trump's rollback of regulations.

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"We urge the administration to take this risk seriously", Donohue said.

U.S. steel production is off from its highs in the 1970s, but the amount of raw steel produced has remained relatively range-bound since 1983. "This process will be managed by the Department of Commerce in consultation with other federal agencies", it said.

Annoy the president, which considering his renowned hypersensitivity is easy, and those tariffs are slapped on Canadian steel and aluminum shipped south of the border. Only Missouri, Louisiana and CT had a higher share.

"If we're in NATO, he wants to make sure that NATO gets more money so that NATO can protect all of us and fulfill its goal", Mnuchin said, underscoring Trump's push to get NATO allies to pay 2 percent on defense. But then he says that Canada and Mexico will be exempt if they cave in on NAFTA, and Australia might be exempt because we have a trade surplus with them.

The conundrum is one of the items causing a delay in the signing, the officials said. "But our trade actions need to be carefully created to hit their targets and avoid collateral damage to other US industries or to our allies".

Allowing country exemptions is a notable departure from the broader tariffs Trump was said to favor last week, but which drew fast criticism from trading partners around the world who threatened to retaliate with tariffs of their own.

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According to The Washington Post's main story on the tariff announcement, "Other countries with a "security relationship" to the United States may seek exemptions by opening talks with the administration on "alternative ways" to address the threats the administration alleges their products pose to national security".

The exemptions for Canada and Mexico would start immediately with an unspecified duration. Many Republicans have spoken against the plan, and Trump economic adviser Gary Cohn resigned Tuesday over policy differences.

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"Under the WTO rules, the European Union can not put in these kinds of tariffs except after the WTO has found that the move by the USA violated the WTO rules", Ross said. Specific steel and aluminum products could also be excluded and that authority will rest with Commerce Secretary Wilbur Ross.

Retaliatory tariffs placed on US products could impact 11 states where exports account for more than 10 percent of gross domestic product.

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