Lotsa House Repubs Not Happy With Trump Planned Tariffs

Wash Exam-

President Trump received a letter on Wednesday in which 107 House Republicans urged him to back off his threat to impose tariffs on steel and aluminum imports from all countries, regardless of origin.

The GOP lawmakers, led by House Ways and Means Committee Chair Kevin Brady of Texas, encouraged Trump to take an approach that focused on countries responsible for creating the global steel glut, and not on every trading partner who exports steel or aluminum to the U.S. House Republicans singled out China in particular for creating trade imbalances.

“We support your resolve to address distortions caused by China’s unfair practices, and we are committed to acting with you and our trading partners on meaningful and effective action,” the lawmakers wrote to Trump. “But we urge you to reconsider the idea of broad tariffs to avoid unintended negative consequences to the U.S. economy and its workers.”

The Republican members warned broad tariffs could “undermine” the “remarkable progress” congressional GOP lawmakers notched by passing tax cuts in December.

more

14 Comments on Lotsa House Repubs Not Happy With Trump Planned Tariffs

  1. at least he’s got them thinking again. i thought for a minute they’re all brain dead in DC, then i realized i’m watching the walking dead, but it was really the oscars last sunday.




    0
  2. Notice how we’ve gone from ohhhh nooooo this is insane, to, ok, yah, there’s a problem but we just don’t care for the way you fixed it. The criminals know they are cornered.

    I agree with deplorable dude — based on who is crying about it, it must be good.




    0
  3. Finding myself agreeing with Deplorable Dude… But I’ll add, you negotiate from a position of strength, and then yield a little for the win. So he says a 25% tariff, and then settles for say 18%… The question is what else does he get for the 7% gimme?

    Either way, we need to deal with China. Between the piece Pat Buchanan wrote the other day, and the stuff Drudge is running this evening on China’s paid influence over colleges & students… Fecal material meets rotating air circulation device…




    0
  4. US steelmakers supply about 70% of all steel made product bought in the US. With the additional 30% coming into the US, China doesn’t even make the top 10. Our biggest business partner concerning steel is Canada. Tariffs, (tax) makes products more expensive which leads to less demand, which lead to layoffs.

    Tariffs lead to unemployment.




    0
  5. i’m not gonna believe a bunch of lawyer politicians over a successful developer turned President.




    0
  6. If China isn’t using back doors to dump steel in the U.S., then why are we getting steel and aluminum from countries who haven’t any foundries or smelters?

    More importantly, why do these House R’s resist Secy Ross’s findings as regards domestic steel and aluminum production and its ties to national security? This is insane. These are not suggestions based solely (or even primarily) on jobs — although that is also important — but on our national security. If you look at the list of countries who would be singled out, as the congressional R’s are suggesting, the effect would be inadequate (see my first question, above). We may believe we are dealing in good faith with, say, Mexico or Canada, when in fact they are reselling Chinese or Indian steel.

    This is a great resource for info on the Section 232 reports: https://www.commerce.gov/news/press-releases/2018/02/secretary-ross-releases-steel-and-aluminum-232-reports-coordination

    Be sure to explore the rest of the site’s reports.




    0
  7. edit: poor examples, Mexico & Canada. Can’t find the article about China’s back door, but it’s out there somewhere. Will post when I find it (didn’t bookmark it).




    0
  8. It’s not well thought out. Should fix taxes for the people not raise them… corporate tax cuts were good but we the people got screwed…




    0
  9. looks like campaign donations/kickbacks from foreign companies are going to be decreased substantially. What else could explain how a virtual pauper can win a congressional seat and be a millionaire in a few years.




    0
  10. Good thinking, Abigail.

    I don’t know where all this leads, out on the horizon line, but I’ve said for at least a generation, “How can the American economy be based on nothing but consumption and ‘services?'”

    (And, now, even the services are farmed to countries with folk with funny accents. We’re down to nothing but consumption.)

    America needs as much self-sufficiency, as possible. And yep, China has “back doored” steel to us for a long time. Time to stand tall.
    …..Lady in Red




    0

Leave a Reply

Your email address will not be published.




Do NOT follow this link or you will be banned from the site!