Congressional Republicans Unlikely To Act To Counter Trump On Tariffs

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Trump has said the tariffs, which will come into effect 15 days after he formally unveiled them Thursday, will not initially apply to Canada and Mexico.

If they drop their horrific barriers & tariffs on USA products going in, we will likewise drop ours. "I just want fairness".

The people briefed on the plans said all countries affected by the tariffs would be invited to negotiate with the Trump administration to be exempted from the tariffs if they can address the threat their exports pose to US manufacturers. At the same time, The Australian Financial Review reports, Aussie steel and aluminum exports will also be exempted, citing confidence in Canberra that a negotiating process will be a mere "formality".

President Trump bid farewell to Gary Cohn at a Cabinet meeting Thursday, telling his outgoing chief economic adviser that he still likes him, even though he's a "globalist".

Hope Hicks
It’s hard to tell what she’s really like as a person. | Mandel Ngan AFP Getty Images

Orrin Hatch of Utah and Ron Johnson of Wisconsin, floated the possibility of legislation to limit Trump's ability to impose tariffs or to require congressional approval, though there's no indication any such plan could garner the necessary veto-proof margin for passage.

Trump says he will exempt those countries from the new metal tariffs, depending on how talks to renegotiate NAFTA progress. Joni Ernst and Rep. David Young, both Republicans, signed on to a letter last week urging Trump to reconsider the new tariffs on steel and aluminum.

"There is a certain worry or concern about the state of global relations, because if you put tariffs against what are your allies, one wonders who the enemies are", Draghi said. He pointed to the store's many products that rely on steel and aluminum.

"These measures could make a significant impact on the economic and cooperative relationship between Japan and the US, who are allies", said Taro Kono, Japan's trade minister, in a statement. The President's spokesperson Sarah Sanders says if it's seen in the nation's security interest some nations may be dropped off the list.

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It was not immediately clear whether the proclamation would list countries to be exempted as pressure grew for Trump to exclude US allies from the action.

Trump, in the wake of the shooting, said he thinks video game companies are somewhat culpable.

"We welcomed the opportunity today to meet with the President and other elected officials at the White House", the Entertainment Software Association said in a statement. Malmstroem said the real problem is an oversupply of steel on global markets, and she rejected Trump's assertion that the tariffs are needed to protect USA national security, especially when most European Union countries are members of North Atlantic Treaty Organisation.

Many are calling this the ultimate irony as Trump acts to protect steel jobs in the USA with his sweeping tariffs he is killing off steel jobs at the same time, making some big winners and other big losers.

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