Even though leaders from his own party disagreed with him, Donald Trump moved ahead on his own signing the orders to begin imposing steep tariffs on imported steel and aluminum.
From The New York Times:
After a week of furious lobbying and a burst of last-minute internal debates and confusion, Mr. Trump agreed to exempt, for now, Canada and Mexico and held out the possibility of later excluding allies such as Australia. But foreign leaders warned of a trade war that could escalate to other industries and be aimed at American goods.
“The actions we are taking today are not a matter of choice; they are a matter of necessity for our security,” Mr. Trump said in a ceremony at the White House where he officially authorized the tariffs, which will go into effect in 15 days.
More than 100 GOP members of Congress wrote Trump on Wednesday urging him to “reconsider the idea of broad tariffs to avoid unintended negative consequences.” https://t.co/6zIQkdtMfa pic.twitter.com/jO0zMTH3Tq
— The Lead CNN (@TheLeadCNN) March 8, 2018
We know from history that tariffs inevitably lead to trade wars that hurt the economy. But Trump doesn’t care about facts or analysis. We have never had a president so completely detached from reality.
— Robert Reich (@RBReich) March 8, 2018
Heritage Foundation Pres. Kay Coles James just now: “Tariffs are a tax increase on American workers and their families. The president’s decision today to impose tariffs on steel and aluminum imports is disappointing, economically regressive and counterproductive”
— Joe Perticone (@JoePerticone) March 8, 2018
Trump’s tariff plan has spooked markets, prompted his chief economist’s resignation, rattled major US allies and widened a rift with establishment Republicans. Still, he moved forward with 25% and 10% tariffs on steel and aluminum imports, respectively https://t.co/rkBIetxaAA pic.twitter.com/2kyjz5S17S
— CNN (@CNN) March 8, 2018