Tariff Move Could Make Autos, Beer More Expensive - Page 2
Trump remains defiant amid criticism and fears of a trade war
Posted Mar 2, 2018 8:35 AM CST
- Defiant: In a Friday morning tweet, Trump defended his decision. "We must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!" He added, "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win."
- But wiggle room? Many Republicans came out strongly against the decision, including Sens. Orrin Hatch and Pat Roberts, in part because they're worried about how other nations will retaliate, reports the Hill. The story notes that when asked whether the president would stick to a 25% tariff on steel, White House spokesperson Sarah Huckabee Sanders seemed to hedge. "I think that's the intent," she said.
- China, others: Beijing on Friday expressed "grave concern," though China did not spell out any retaliatory steps, reports the Guardian. Canada, Australia, Japan, the European Union, and other US allies also voiced opposition and warned of reciprocation, and the Wall Street Journal has details. One big wild card: Trump won't formalize the move until next week, and he could yet exempt some nations.
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