The Hill: GOP leaders signal they will try to narrow Trump's tariffs

The Hill: GOP leaders signal they will try to narrow Trump's tariffs

During a press briefing Tuesday Ryan voiced skepticism about President Trump's newly proposed tariffs.

Flake said the new tariffs, which function as taxes on imports, of 25% on steel and 10% on aluminum would be detrimental to the United States economy and must be stopped.

According to reports, Canada and Mexico are exempt from the tariffs amid larger trade negotiations. More prominent critics of the tariffs include former Former Bush White House chief of staff Joshua Bolten and the World Trade Organization.

There will nearly certainly be broad legal challenges of the Trump administration claim that protecting US steel and aluminum producers is necessary for national security, John Cornyn of Texas, the second-ranking Republican senator, said Friday.

"These so-called "flexible tariffs" are a marriage of two lethal poisons to economic growth - protectionism and uncertainty".

Historically proponents of free trade, several Republicans dubbed the measures "stupid" and "misguided" - if the United States increases the cost of both materials, they hold, American producers of vehicles and other products will suffer setbacks on the worldwide playing field, and consumers will pay more. Flake of Arizona said he wants quick action on his proposal "before this exercise in protectionism inflicts any more damage on the economy". "Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big".

United States jobs surge 313000 in February, unemployment steady
For now, though, the United States job market remains the biggest strength of the economy's recovery from the Great Recession. In a tweet Friday, the president praised the new figures which show more than 300,000 jobs were added in February.

Many Republicans hold that imposing tariffs on steel and aluminum are an abuse of this law and are pushing to restrict it.

The White House says Mexico, Canada and other countries may be spared from President Donald Trump's planned steel and aluminum tariffs under national security "carve-outs", a move that could soften the blow amid threats of retaliation by trading partners and dire economic warnings from lawmakers and business groups. "I think the policy is very, very counterproductive".

Whatever Washington lawmakers opt to do, they will have to reach a two-thirds majority vote to overcome a presidential veto - forcing Republicans to find support among the Democratic opposition, a challenge in its own right.

"We think it's easier to break it into pieces", he said.

"Don't weaken his hand", said Rep. Lou Barletta, R-Pa., a Trump ally who is running for the Senate in November.

"Of course this will have to go through the usual litigation process, either the WTO or the courts to see how this works", Cornyn said at an energy conference in Houston. The European Union, for example, has threatened tariffs on Harley Davidson, which is based in Wisconsin, and bourbon, for which Kentucky is famous. House Speaker Paul Ryan, R-Wis., and other GOP leaders had spent the last few days furiously lobbying Trump to scale back the tariffs, an effort that had limited effect. He called Jeff Flake's career "toast".