Speaker Paul Ryan’s office is openly lobbying President Donald Trump to walk back his Thursday announcement of steel and aluminum tariffs.
“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,” Ryan spokeswoman AshLee Strong said in a Monday morning statement.
NEW: @SpeakerRyan spokeswoman on Trump's tariffs: "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."
— Geoff Bennett (@GeoffRBennett) March 5, 2018
Trump announced he would impose a 20% tariff on steel and 10% tariff on aluminum Thursday despite desperate attempts by many of his advisors to stop him. Ryan immediately reacted to the announcement, saying, “The speaker is hoping the president will consider the unintended consequences of this idea and look at other approaches before moving forward.”
The president has brushed off accusations like those from Ryan that he is starting a trade war saying Friday they are sometimes a “good thing.”
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. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
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