Trump launches his trade war

WASHINGTON DC- DECEMBER 20 U.S. President Donald Trump greets Speaker of the House Rep. Paul Ryan during an event to celebrate Congress passing the Tax Cuts and Jobs Act with Republican members of the House and Senate on the South Lawn of the Wh

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Many Republican lawmakers are upset about President Donald Trump's planned tariffs on steel and aluminum imports, out of concern the duties could spark retaliation against the US or hurt businesses or farms in their states.

"We are extremely anxious about the consequences of a trade war and are urging the White House to not advance with this plan", House Speaker Paul D. Ryan spokeswoman AshLee Strong said last week.

Trump has signed proclamations imposing 25 percent and 10 percent tariffs on imports of steel and aluminum, respectively.

The Trump administration has insisted that the tariffs will not cost jobs or raise prices.

The tariffs will not initially apply to Canada and Mexico, the president said, adding security and trade partners could negotiate to seek exemptions. Massachusetts Sen. Elizabeth Warren, a Democrat who has been touted as a potential 2020 presidential candidate, said in recent interviews that she saw a role for tariffs as part of us trade policy. Even among the economists critical of the tariffs, no one has said that the effect of the tariffs would be so strong as to completely counteract the deep tax cuts passed past year.

The rally was sprinkled with mentions of Saccone and the election in general, but for the most part, according to The New York Times, was "in-his-element Trump, vintage 2016: Rambling and fiery, boastful and jocular - the part of being president that he loves perhaps the most". At least he'll have on his side fellow Arizona Republican Sen. "President Trump's contention that steel and aluminum imports are threatening our national security and defense industrial base is simply not supported by the evidence", he said.

President Donald Trump says he'll hold an afternoon meeting on the steel and aluminum industries.

Even some of Trump's most ardent defenders seemed ready for a fight.

Europe and China lashed out against the president's tariff plan. "History has proven that the unintended consequences of tariffs are vast and serious, and the ones announced today threaten to undermine our growing economy and the relief that millions of Americans are feeling as a result of tax reform". It is the biggest break in Republican unity during the Trump administration so far.

"You have 140 thousand steel production workers". And it's a recipe for killing growth. Flake has criticized Trump as a stain on the Republican Party and Trump, taking the bait, has engaged in name-calling in response - "Senator Flake (y) - while calling Flake weak on crime and the border". Self-delusion is a powerful toxin, but it's no excuse for having backed and defended an economic illiterate.

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