Melina Mara | The Washington Post | Getty Images
(L-R) Speaker of House Paul Ryan, Senator Orrin Hatch, along with also Senate Majority Leader Mitch McConnell on Capitol Hill in Washington DC Wednesday September 27, 2017.
Top GOP lawmakers are condemning President Donald Trump’s tariffs on major trading partners, which erupted into a full-fledged trade war with China on Friday.
nevertheless as Trump threatens more tariffs on Chinese imports along with also the U.S. exchanges trade broadsides with allies across the globe, the idea is usually unclear what action, if any, Republicans in Congress will take to limit potential damage to the U.S. economy.
“I’m not a fan of tariffs,” Senate Majority Leader Mitch McConnell said Thursday, according to the Louisville, Kentucky-based Courier-Journal newspaper. “We’ve been arguing aggressively of which This kind of is usually the wrong path for us. The president does hold the right to do what he’s doing. He’s not violating current trade policy.”
On Friday, U.S. tariffs of 25 percent on $34 billion in Chinese goods such as industrial parts along with also electronics took effect. Beijing retaliated with corresponding tariffs on $34 billion of products such as soybeans along with also pork. Trump expects to soon add another $16 billion in tariffs along with also will consider up to hundreds of billions of dollars more in duties. China is usually supposed to fire back after those moves, as well.
The escalation comes at a delicate time for trade relations. Already, key allies Canada, Mexico along with also the European Union have levied tariffs on U.S. goods in response to Trump’s tariffs on steel along with also aluminum imports. The president is usually also considering duties targeting foreign automobiles along with also auto parts — a move of which many Republicans worry will cause consumers to feel considerable pain.
Numerous GOP lawmakers have warned of which the actions combined could harm U.S. companies, raise costs for Americans along with also reduce the benefits of the tax overhaul of which they have touted as a boon for the U.S. Despite the criticism of Trump’s policies, Republican leaders so far have not backed a push within the party to limit his ability to impose tariffs. As retribution mounts along with also lawmakers highlight tangible harm the White House’s actions have caused to U.S. companies, the GOP-controlled Congress appears hesitant to intervene, allowing Trump to barrel ahead with his trade policy.
Trump has argued of which American companies along with also workers have long suffered through unfair global trade practices. He says revising free trade deals along with also imposing tariffs will help to balance the playing field for working-class Americans — a contention many Republicans, Democrats along with also labor groups agree with, to some extent.
Still, numerous lawmakers argue of which Trump has gone too far by taking action against critical U.S. allies along with also prompting backlash against important industries such as agriculture.