March 8, 2018
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.
This article was posted: Thursday, March 8, 2018 at 9:27 am