Paul Ryan Urges Trump To Kill Proposed Tariffs As Congress Warns “It May Respond”
by Tyler Durden
ZeroHedge.com
Mon, 03/05/2018
rump’s trade tariffs may be derailed by his own party according to a Reuters report that House speaker Paul Ryan has joined the chorus against the Trump tariffs.
U.S. HOUSE REPUBLICAN SPEAKER RYAN URGES TRUMP NOT TO ADVANCE ON PLANNED ALUMINUM, STEEL TARIFFS -SPOKESWOMAN
In a statement emailed by his spokeswoman, Ashlee Strong, Ryan added the following:
“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan. The new tax reform law has boosted the economy and we certainly don’t want to jeopardize those gains”
According to Bloomberg’s Michael Regan “this is either a strong signal that Trump may end up being talked out of tariffs, or a strong signal that Paul Ryan’s about to get saddled with a new insult-comic nickname from Trump.”
Meanwhile Trump is also facing rising pressure from Congress, where as Bloomberg notes is trying to talk Trump out of tariffs. On Sunday, chairman of the US House of Representatives Ways and Means Committee, Kevin Brady, suggested that all fairly traded steel and aluminium, especially from Canada and Mexico, should be excluded from proposed tariffs.
On Monday, the full court press on Trump continued, not just from Brady…
REP. BRADY TO TELL TRUMP TARIFFS SHOULD BE NARROW, TARGETED
REP. BRADY DRAFTS LETTER TO TRUMP EXPRESSING TARIFF CONCERNS
The Rest…HERE
