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smi24.net
World News in Dutch
Декабрь
2016

Trump's tariff plan hits a hurdle: Congressional Republicans

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McCarthy's comments came in response to Trump's threat, made in a series of tweets over the weekend, that he would level taxes on companies that relocate overseas and then try to sell their products back into the U.S. "There will be a tax on our soon to be strong border of 35% for these companies," Trump wrote.

Republicans have typically opposed such tariffs as an intrusion on the free market, and it was just the latest example of Trump making a statement or coming up with a plan that flouts GOP orthodoxy.

[...] Republicans routinely criticized the Obama administration for taking steps that favored individual corporations, accusing the administration of "picking winners and losers."

The U.S. Chamber of Commerce chief economist, J.D. Foster, called tariffs "self-destructive" in an appearance on Fox Business' "The Intelligence Report with Trish Regan," adding: "You can make companies want to come into the U.S. by making the U.S. a better place to do business."















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