House Republicans Recommend Pres. Trump Reconsider Tariffs on Steel, Aluminum Imports


"I believe that if you look out two, three, four, five years from now, we're going to be stronger country from a trade standpoint", said Mark Glyptis, President of United Steelworkers Local 2911.

But the drama isn't over.

The Commerce Department said Wednesday that the trade deficit rose to $56.6 billion in January, up 5 percent from $53.9 billion in December and the highest since October 2008's $60.2 billion trade gap.

President Donald Trump has, unfortunately, decided to deliver on his protectionist campaign promises by imposing tariffs on steel and aluminum. "We're not looking for a trade war". This could prove to be very costly for both the US and global economies for one simple reason. They also recommended doing a short-term review of the effects of the tariffs on the economy to decide whether or not the approach is working.

Editor's note: Today we add Washington Post columnist Marc Thiessen to the Bay Area News Group's stable of opinion page writers.

EU industry commissioner Elzbieta Bienkowska, who is visiting Australia, said it was important to send a strong message supporting trade liberalisation.

"China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States", Trump tweeted, without saying where the message had been conveyed.

Speaking live on Denmark's TV2, Samuelsen said U.S. President Donald Trump's proposed trade tariffs are "a bad call".

The whole ridiculous saga reveals just how ill-equipped Trump is at being president.

WTO Director-General Roberto Azevedo has expressed concerns about a trade war and appealed for cool heads to prevail.

On a mid-sized 737, with a list price of $117.1 million, the cost increase could be less than $200,000, because airlines often receive discounts of 40 percent off list price, and Boeing's profit margin is about 10 percent. Trump has been openly critical of the state's political leaders and policies.

For the president to impose tariffs under Section 232, he is required to allow a period for public comments and inter-agency consultations.

"Those are bedrock, backbone industries of this country", said White House trade adviser Peter Navarro.

Trade makes up a smaller share of China's economy than it did a decade ago.

"We expect that the President will sign something by the end of the week", Ms Sanders told a regular media briefing. And those allies have threatened to retaliate by slapping tariffs on U.S. exports, which would alsohurt lots of American workers.

As predicted by Cohn and others - including national security officials - other countries have threatened to respond to Trump's tariffs by placing their own tariffs on American good, raising prices on consumers worldwide.

The threat of retaliation over the tariffs, which the International Monetary Fund has warned could eventually damage growth, is already rising. "It suggests the cuts may not have been so effective", said Vivek Dhar, analyst at CBA in Melbourne.

Freeland spoke on Wednesday to House of Representatives Speaker Paul Ryan, a prominent Republican critic of the tariffs proposal, said a Canadian government official. The euro rose to $1.2421 from $1.2406.

"Cohn is thought of as pro-business and was against the tariffs", says Bill Hornbarger, chief investment officer at investment firm Moneta Group.