Planned US steel tariffs not 'helpful': senior United Kingdom official

07 Марта, 2018, 06:37 | Author: Arnold Perez
  • Donald Trump

Trump said last week he would impose broad tariffs on imports of steel and aluminum to protect US national security under a Cold War-era trade law, a move that some warn could raise consumer prices and ignite a trade war.

The president spoke after a spokeswoman for House Speaker Paul Ryan said the speaker was "extremely worried" about the consequences of a trade war and urging the White House not to advance the plan. "The new tax reform law has boosted the economy and we certainly don't want to jeopardize those gains".

The statement from the top Republican in the House comes as the Trump administration is arguing that the tariffs are needed to preserve American steel and aluminum and warning that North American neighbors Canada and Mexico will not get any relief unless they agree to a fair trade deal. Last year, Trump came close to withdrawing from Nafta after he visited American dairy farmers in Wisconsin who say they have been hit by Canadian rules that discriminate against United States milk exports.

Congressional Republicans are maneuvering to stop President Trump from levying harsh tariffs on steel and aluminum imports, arguing the move runs counter to the core of their economic agenda and could even cause political problems heading into the 2018 midterms.

Antuses said he would like to see Canada "stand firm" and keep "posing the message that free trade allows wins on both sides".

Many Republican allies of Trump oppose the tariff plan.

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The three countries are now working to revise NAFTA, with the latest round of talks wrapping up in Mexico City.

"There are adjustment costs to free trade, but we've gone through those already", Antuses said. "It will be tariffs on steel for Canada and for Mexico". Congress mostly leaves tariffs up to presidents, but as the Washington Post delicately puts it, "Congressional leaders believe that approach has worked well - until now".

His administration has said the United States mistakenly supported China's membership in the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy.

But Canadian Prime Minister Justin Trudeau has called the tariff plan "absolutely unacceptable".

More upbeat about progress until now, Dan Ujczo, a trade attorney with Dickinson Wright PLLC in Columbus, Ohio, said, "We were moving toward the finish line in NAFTA".

"If they want to do something, we'll just tax their cars that they send in here like water", Trump has said, lamenting European "trade barriers that are worse than tariffs". "How previous presidents allow that to happen is disgraceful, but we're going to take care of it". That year, Chinese steel accounted for less than 2 percent of overall USA imports.

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