House Speaker Ryan criticizes Trump tariff plan


"I disagree with this action and fear its unintended consequences", Ryan said in a statement.

Capito said steel and aluminum industries need protection from worldwide competition because of declining production in the United States, adding it is important for the president to consider the effects of such trade policies going forward.

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Of course, when Trump follows through with the tariff threat, he could imperil the future of the US auto industry, which President Obama pulled back from the brink of collapse. According to economic analysts, some of the communities that would be hardest hit by a trade standoff could be the same ones the president says he's aiming to help. "We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military". The Republican Party has-is the Trump party right now. The U.S. will levy a 25 percent duty on steel and 10 percent on aluminum, the same level Trump promised when he revealed the plan March 1.

Now, it's important to realize that the USA trade deficit isn't necessarily a bad thing.

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So desperate are Republicans to stop the president that they're even considering whether they could tie his hands legislatively - though that seems unlikely.

In Wisconsin, which went for Trump by the narrowest of margins, Republican Gov. Scott Walker has warned that tariffs could hurt the state's canning and beer industries. Sen.

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Trump, however, maintains that he is fulfilling his campaign promises to protect American workers and national security interests while pushing for fairer trade deals for USA industries. This would be an excellent chance for Congress to reassert its constitutionally granted authority in an area that should never have been surrendered to the White House. "If it came from anyone other than Donald Trump himself, then it was an illegally large, or perhaps an illegal corporate, political contribution". "I will immediately draft and introduce legislation to nullify these tariffs, and I urge my colleagues to pass it before this exercise in protectionism inflicts any more damage on the economy".