Quantcast
Connect with us

Trump should be ‘smarter’ on steel tariffs: US Speaker Ryan

Published

on

President Donald Trump should take “surgical” action against countries that dump steel and aluminum in US markets rather than follow through on a risky threat of global tariffs, Congress’s top Republican said Tuesday.

Speaker of the House Paul Ryan, leading a sharp break with the president, said that while there was “clearly abuse occurring,” particularly by China, protectionist measures could have the “unintended consequences” of a trade war.

ADVERTISEMENT

“I think the smarter way to go is to make it more surgical and more targeted” than broad tariffs, Ryan told reporters.

Trump triggered global alarm last week when he announced he would sign off on measures designed to protect US producers, and defiantly swatted back at critics by saying trade wars are “good, and easy to win.”

Ryan said such action would make the United States “more prone to retaliation.”

“And so what we’re encouraging the administration to do is to focus on what is clearly a legitimate problem, and to be more surgical in its approach, so that we can go after the true abusers without creating any kind of unintended consequences or collateral damage.”

Ryan said he has had multiple conversations with Trump about the issue, and that while he would not characterize the discussions, he said the president “knows our view.”

ADVERTISEMENT

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

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan,” AshLee Strong, a Ryan spokeswoman, said in a statement Monday.

Several other congressional Republicans were urging Trump to abandon his plan to slap a new import tax of 25 percent on steel and 10 percent on aluminum.

ADVERTISEMENT

“We have concerns,” Senate Foreign Relations Committee chairman Bob Corker said of the effects the tariffs could have on allies like Canada and Mexico.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘Unconscionable’: Trump administration turns a blind eye to price gouging amid the coronavirus pandemic

Published

on

The Federal Trade Commission, the federal agency created more than a century ago by President Woodrow Wilson, is supposed to protect consumers, but don’t expect the commission’s Republican majority to step in as our nation’s citizens are searching for hand sanitizer and face masks.

Sandeep Vaheesan, the legal director at the Open Markets Institute, said the FTC has been reluctant to act on complaints about price gouging.

Continue Reading

Breaking Banner

Trump falsely tweets ‘LIGHT AT THE END OF THE TUNNEL!’ as America begins worst week yet of coronavirus deaths

Published

on

President Donald Trump kicked off what medical experts – and his own Surgeon General – have said will be the worst week yet of coronavirus deaths, by posting this wholly false tweet:

LIGHT AT THE END OF THE TUNNEL!

— Donald J. Trump (@realDonaldTrump) April 6, 2020

On Sunday's "Meet the Press" Surgeon General Jerome Adams warned, "The next week is going to be our Pearl Harbor moment. It's going to be our 9/11 moment. It's going to be the hardest moment for many Americans in their entire lives."

Continue Reading
 

Breaking Banner

Giuliani trying to ‘regain relevance’ by advising Trump behind the scenes on coronavirus cures: report

Published

on

According to a report in the Washington Post, former New York City Mayor Rudy Giuliani is slowly reinserting himself back into White House affairs by advising Donald Trump on possible cures for the coronavirus.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image