https://www.nytimes.com/2018/03/05/us/politics/trump-trade-tariffs-nafta.html?&hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news
Monday, March 5, 2018
Ryan Criticizes Tariff Plan as Trump Issues Nafta Threat
This article talks about critiques that the new tariffs that Trump wants to impose on steel and aluminum are getting. In this case, the speaker of the Republican party Paul D. Ryan was the one that criticised these tariffs. He says that he is worried about the consequences that these tariffs are going to have because many countries that trade with the US are getting upset and could start a trade war. The expect if Trump goes through with this decision, that other countries are going to do the same in order to put tariffs on US products that are exported. He has asked the president to back down from imposing these tariffs because it will cause tensions with many countries and at the end will end up affecting products from the US that are exported and trade in general. It looks like Trump is decided to impose the tariffs and will not back down since he has even threatened other countries that he will impose more tariffs if they decide to put tariffs on US products. The effects can not really be measured now since we don't know how other countries are going to react, but all the tension between the countries will probably end up affecting everyone involved.
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2 comments:
I agree with Ryan regarding this issue, foreign nations are already angered by the other actions of the Trump administration and these tariffs could trigger other countries to fight back with legislation that could greatly hurt American business. Trump needs to put his pride aside and listen to congress and not follow through with these outrageous tariffs.
It is interesting to see these tariff talks continue even when so much backlash, such as Ryan and even Trump's economic adviser. I think that the two (Cohn and Ryan) have different reasons for the backlash. Ryan's being because he has many car manufacturers in his state, while Cohn knows how much this could effect other trade channels. Either way, the tariffs are likely to be a bad idea all parties involved.
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