Paul Ryan Tax Cut Showcase Upstaged by Trump Tariff Announcement

The Washington Post  The Washington Post

The Republican Party is the Trump party right now. Trade is now the issue that has driven the most distance between Ryan and the president he reluctantly endorsed during the campaign.

When he initially decided on the plan, he reportedly said that the 25 percent tariff on foreign steel and 10 percent tariff on foreign aluminum would apply to all countries, because otherwise, everyone would ask for an exemption.

Capito said steel and aluminum industries need protection from worldwide competition because of declining production in the United States, adding it is important for the president to consider the effects of such trade policies going forward.

According to Section 232 of a US trade law, the president can impose tariffs on imported materials for national security purposes.

In fact, 12 of the 15 states that will likely take the biggest tariff hits are red states, according to new analysis from the Brookings Institute.

Manchin said it was past time to defend the country's economic interests, and Trump made the decision with workers and national security in mind. "Our factories were left to rot and to rust all over the place", Trump said. The best thing for Republicans would be if Trump backs down from his tariff threats, or if they don't do much economic damage - but counting on either is a huge gamble. This would be an excellent chance for Congress to reassert its constitutionally granted authority in an area that should never have been surrendered to the White House.

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"We should never normalize this kind of behavior, particularly from the president of the United States", Flake said . Flake is now drafting legislation that would nullify the tariffs, worrying they will disrupt the economy.

President Trump stumped Saturday night for GOP congressional candidate Rick Saccone, who is running in a special election Tuesday.

Politico reported on legislative ways Republicans in Congress could derail Trump's plan.

"Trade wars are not won, they are only lost", he said in a statement.

"This isn't just bad for farmers and ranchers in Nebraska who need to buy a new tractor, it's also bad for the moms and dads who will lose their manufacturing jobs because fewer people can buy a more expensive product", he said.

Speaking to employees of Home Depot in Atlanta, Ryan, a Republican, added: "I'm just not a fan of broad-based, across-the-board tariffs because I think you'll have a lot of unintended consequences".

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