Trump says his new tariffs are about national security. They’re not

Mar 7, 2018

But he said in a defiant Twitter posting on Friday that “trade wars are good and easy to win”.

White House Press Secretary Sarah Sanders said the administration has a “great relationship” with speaker Ryan, but “that doesn’t mean we have to agree on everything”.

The European Union trade chiefs could apply 25 percent tariffs on around $3.5 billion worth of imports from the United States, in retaliation to any tariffs from Washington. “I don’t think you’re going to have a trade war”.

At those talks, U.S Trade Representative Robert Lighthizer said Monday that progress has been less than many had hoped and “our time is running short”.

“I am convinced that increased tariffs will hurt us all in the long run”, he said. “Unless they can do something for us”, he said, adding that the European Union could find relief if it lowered barriers to USA products.

He said a 10 percent tariff on aluminum would add one cent to the cost of a can of beer, $45 to a vehicle and $20,000 to a Boeing 727 Dreamliner.

He is reiterating that if he’s able to make a deal with Canada and Mexico to improve the terms of the North American Free Trade Agreement, “there will be no reason to do tariffs” on steel and aluminum from the two neighbors.

The problem he faces is that the big three German manufactures – Volkswagen Group, Mercedes-Benz and BMW – all have a significant manufacturing presence in the U.S., with more than 100,000 people employed in the factories and second tier industries, often in southern, Trump-supporting states. To that end, USA firms sold $53 billion in exports and imported $118 billion in goods from Germany a year ago, the kind of dynamic that he has often complained about.

Thirty-four percent of those surveyed said they approved of Trump’s handling of trade in general, while 54% said they disapproved. “Our country has been taken advantage of by everybody – nearly everybody”. We might even identify products that have non-U.S. alternatives, and Canadian consumers can then try comparable products from other places.

The president also linked the tariffs to the renegotiation of the North American Free Trade Agreement (NAFTA), suggesting a new deal could spare Mexico and Canada from the import tax.

The speaker is among the most outspoken GOP critics of Trump’s plan as Republicans rush to convince the president to reconsider before a final decision.

According to a news release from the Prime Minister’s Office, “The prime minister also registered his serious concern about the US administration’s proposed tariffs on steel and aluminum“.

“There will be an exemption procedure for particular cases where we need to have exemptions, so that business can move forward”, Navarro said on CNN’s “State of the Union” programme. Soon after Trump’s decision Thursday, other nations, including the EU, Canada, and Mexico, promised to respond. German vehicle companies urged policymakers on Monday to avoid a trade war with the United States “at all costs”.

May’s office says she “raised our deep concern at the president’s forthcoming announcement on steel and aluminum tariffs, noting that multilateral action was the only way to resolve the problem of global overcapacity”.

Ryan’s comments come a day after he publicly split with the president on the tariffs.



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