Republican leader Paul Ryan publicly split with Donald Trump on Monday over the president’s threat to impose tariffs on the US’s trading partners on steel and aluminium.
The House speaker became the most senior Republican to publicly distance himself from Trump’s tariffs, which have rattled stock markets worldwide and sparked threats of retaliation. “We are extremely worried about the consequences of a trade war and are urging the White House to not advance the plan,” AshLee Strong, Ryan’s spokeswoman said in a statement.
She said the tariffs plan threatened to jeopardize the impact of Trump’s recently introduced $1.5tn tax reforms.
Ryan’s split came shortly after Trump had doubled down on the tariff plan in a pair of tweets. The president reiterated his displeasure with trade deficits with Mexico and Canada, two of the US’s largest trading partners. Metals duties will only be removed on America’s neighbours to the north and south, he said, after a “new and fair” free trade agreement is signed.
Source : theguardian
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