Trump Seeks Bigger Tariffs
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trade tariffsWashington Post
•World
World
Trump pushes aides to go bigger on tariffs as key deadline nears
67% Informative
President Donald Trump is pushing senior advisers to go bigger on tariff policy as they prepare for what the White House has called Liberation Day’ The April 2 date he has set for a major escalation in his global trade war has led to a drop in the stock market and, economists say, raised the risks of a U.S. recession.
Some Republicans in Congress are growing increasingly concerned about the economic fallout from the tariffs.
Republicans are more likely to view tariffs as a temporary cudgel to force other countries to change their trade policies than as a way to pay for tax cuts.
But some trade skeptics see a negotiated outcome that results in lower tariffs as reminiscent of the conventional trade liberalization approach that they blame for hollowing out American manufacturing communities.
“FOR YEARS WE HAVE BEEN RIPPED OFF BY VIRTUALLY EVERY COUNTRY IN THE WORLD, BOTH FRIEND AND FOE . BUT THOSE DAYS ARE OVER.” David J. Lynch contributed to this report..
VR Score
75
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76
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63
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