Paul Ryan Tax Cut Showcase Upstaged by Trump Tariff Announcement

Sen. Jeff Flake (R-Ariz.) said Thursday that he plans to introduce legislation to nullify President Donald Trump's tariffs on steel and aluminum imports.

The tariff proclamation excludes Canada and Mexico and leaves the door open to sparing other countries on the basis of national security.

"The tariffs on steel and aluminum risk undermining these positive economic developments by increasing input costs to American manufacturing and steel-dependent industries employing more than 17 million workers", he said. The people spoke on condition of anonymity ahead of the president's signing of the orders.

Gosar says Trump has proven that he knows what he is doing when it comes to handling the economy.

Trump says a 25 percent tariff will be added to steel and a 10 percent tariff will apply to aluminum.

"I'm disappointed because we just passed a tax bill and this kind of flies in the face of that".

The president indicated Canada and Mexico's treatment would be connected to the ongoing NAFTA talks, which are expected to resume in early April.

"Trade wars are not won, they are only lost", he said in a statement. A permanent exclusion of the two neighbours will, however, depend on the outcome of the NAFTA renegotiation talks, he said.

"We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military".

Trump, however, is standing by his call for the tariffs.

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The tariffs will be made official in the next two weeks, White House officials said.

Congressional Republicans and business groups are bracing for the impact of the tariffs and the departure of Cohn, a former Goldman Sachs executive who has opposed them.

Canada and Mexico will initially be exempt from the tariffs, but both House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell said the scope of the tariffs is still too broad.

Walker, during a pair of stops Wednesday at Wisconsin businesses that use imported steel, argued that the tariffs could force them to move production out of the United States to avoid the tariffs.

Trump has said the USA will be "very fair" but "very flexible" and "protect the American worker".

Arizona Sen. Jeff Flake, a Republican, said he plans to introduce legislation next week to nullify the tariffs though he has acknowledged that finding the votes to stop the president's actions could be hard.

Republicans were among those opposing the duties, joining economists and other nations in warning that they could start a global trade war.

Betras mourned that "national Democrats have the audacity to give the president shit on that, and they think it's going to resonate".

The White House, however, held out the possibility of exemption or delayed execution of the order for some countries, notably neighbours Canada and Mexico with which the USA has been engaged in talks aimed at a revamp of the North American Free Trade Agreement (NAFTA) that Trump has been insisting upon.

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