Saturday, June 30, 2018

ABBOTT, CORNYN REPUBS WORRIED ABOUT TRUMP'S TARIFFS


 

 

Texas governor Greg Abbot is worried that Trump’s trade and tariff policies will badly hurt Texas.


"The president has great confidence that it will end well," Cornyn, the Senate's No. 2 Republican, said on a call with Texas reporters. "But in the meantime, there is a lot of disruption and anxiety over its impacts on the economy and on jobs and on consumer prices."

That nudge capped off a day in which senators in both parties once again urged the Trump administration to reconsider its snarling trade agenda.

Members of the Senate Finance Committee did the heavy lifting by unloading on Commerce Secretary Wilbur Ross at a hearing on Capitol Hill, using the occasion to leave no doubt about the ongoing policy divide between Congress and the White House over trade.

The panel's GOP chairman, Sen. Orrin Hatch of Utah, led the charge by saying that the trade tiff was "taxing American families," "putting American jobs at risk" and "destroying markets."

But Cornyn also used a White House meeting Wednesday — which focused on the issue of child separations on the border but covered other ground — as another chance to push Trump, Ross and others to approach trade "in a way that is not harmful to Texas and the U.S. economy."

If recent history is any guide, those efforts are unlikely to make a difference.

The White House just this week threatened to impose hundreds of billions of dollars' worth of tariffs on Chinese goods, even after lawmakers in both parties have urged the president to move with caution in a trade war that's now enveloped close U.S. allies including Canada and Mexico. . . .

And lawmakers appear content to talk, rather than act, when it comes to Trump's trade tenor.

GOP leaders in the Senate have blocked legislation that would give Congress the ability to veto certain tariffs imposed by the president. That dynamic caused Sen. Bob Corker, R-Tenn., to mock Cornyn on the Senate floor last week for not doing enough to stand up to Trump.

 

The blistering criticism on Wednesday nevertheless stood out.

Sen. Chuck Grassley, R-Iowa, said the White House was promoting a "government-run mercantilist economy as opposed to a free-market economy." Sen. Pat Toomey, R-Pa., said Trump's approach was about "economic nationalism" rather than national security.

Sen. John Thune, R-S.D., said bluntly that "this thing seems to be escalating out of control fairly quickly."

Hatch lamented that Trump's actions have provoked retaliatory tariffs that are hurting American industries, ranging from manufacturing to agriculture. He said he doesn't "see how the damage posed on all of these sectors could possibly advance our national security."


Trump’s policies are not those of these conservative Republicans.  When are Trump supporters going to be honest and  stop calling themselves ‘conservative Republicans.”

 

 

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