Trump Promises to Be ‘Very Flexible’ on New Tariffs

After aides indicated in the morning that they were not sure if the event would even take place, Mr. Trump seemed eager to settle the matter by posting a message on Twitter declaring that there would be a meeting.

By late morning, a White House official said that the meeting would be held, but that all other details were still in flux.

More than 100 Republican lawmakers sent a letter to Mr. Trump on Wednesday imploring him to drop plans for sweeping tariffs, which would upend years of free-trade orthodoxy among party leaders in Washington and potentially prompt retaliation and a wider trade war with other countries. Their letter came a day after Mr. Trump’s chief economic adviser, Gary D. Cohn, announced his resignation after his failure to forestall the president from pursuing tariffs.

“We urge you to reconsider the idea of broad tariffs to avoid unintended negative consequences,” the Republican lawmakers said in their letter.

Senator Ron Johnson, a Republican who represents the Midwestern industrial state of Wisconsin, which was key to Mr. Trump’s Electoral College victory in 2016, said a broad tariff plan would be self-destructive.

“If it’s targeted toward China, depending on how it’s tailored, I may not have a problem with it, because that’s where the root cause of the problem is, the gross oversupply within China,” Mr. Johnson said on CNN on Thursday. “But a generalized tariff that would actually harm allies, harm American consumers, by the way, harm American workers that use steel in production, hurting their competitive nature in global markets as well, I’m opposed to that.”

There was some bipartisan concurrence on the idea of focusing any tariff plan on China rather than more broadly. “President Trump has identified the right opponent — China — much better than both the Obama and Bush administrations did,” Senator Chuck Schumer of New York, the Democratic minority leader, said on the floor.

“But I would say to you, Mr. President, don’t swing blindly and wildly at our foe, China,” he added. “Establish a well-placed jab at China. Set them back. Let them know we mean business. President Trump ought to rethink his plan so it actually achieves what he says he wants it to achieve.”

Mario Draghi, the president of the European Central Bank, said on Thursday that a plan to impose broad tariffs that hit allies was “dangerous” and could undermine national security.

“If you put tariffs against your allies,” Mr. Draghi said at a news conference in Frankfurt, “one wonders who the enemies are.”

Mr. Trump has brushed off the opposition, arguing that American industries are being treated unfairly by foreign competitors and need help to protect jobs. He told reporters last week that he planned to impose tariffs of 25 percent on imported steel and 10 percent on foreign aluminum.

“As a candidate, as the president, he’s been incredibly consistent in looking at all of this through the lens of a worker,” Kellyanne Conway, his counselor, told Fox News on Thursday. “He believes this country has been on the losing side of trade deals for decades,” she added. “He wants fair, reciprocal trade deals that stop screwing the American worker and American industries.”

She argued that the Republican lawmakers did not object entirely to tariffs but instead wanted to ensure that they are tailored “so that we can continue to sell American made goods around the world and be able to hire more American workers. The president agrees with that.”

At the cabinet meeting, Mr. Trump thanked Mr. Cohn for his service, but needled him about his decision to leave. “He may be a globalist, but I still like him,” the president said as Mr. Cohn sat in a chair along the wall and smiled. “He’s seriously a globalist. There’s no question. You know what? In his own way he’s a nationalist, because he loves his country.”

Mr. Trump then suggested that Mr. Cohn might eventually return to the administration. “I have a feeling you’ll be back,” the president told him. In a teasing voice, he added: “I don’t know if I can put him in the same position though. He’s not quite as strong on those tariffs as we want.”

Continue reading the main story

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

School board fires Pico Rivera, California, teacher who insulted military

PICO RIVERA, Calif. — A Pico Rivera city councilman and high school teacher who was ...

Kosovo: Opposition party sets off tear gas in Parliament

Video posted to social media showed lawmakers wiping their eyes and noses as they left ...

Oklahoma mother arrested after newborn baby found with multiple drugs in system

Chelsea Thompson LAWTON, Okla. – An Oklahoma mother was arrested after her newborn baby was ...

%d bloggers like this: