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Republicans want to know Trump’s endgame on trade | TheHill

posted onApril 10, 2018
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Article snippet: Republican senators want to know if MORE has an endgame in the escalating trade fight with China.  The fight over tariffs has sent markets into turmoil and clouded economic prospects, worrying senators ahead of the midterm elections.  Prices for soybeans, corn and wheat dropped in anticipation that China will hit U.S. exports hard if Trump goes through with a plan to impose tariffs on another $100 billion in Chinese imports. “This is a big deal. In South Dakota we can’t afford to have that kind of loss in the markets just on speculation we might end up in a trade war,” said Sen. MORE (R-S.D.).  Worse, from the point of view of Rounds and others, is that it’s not clear where the fight is headed. “My question, very respectfully, to the president is, ‘What’s your game plan? What’s your endgame on this?’ ” said Rounds. “I think the administration needs to be able to explain their logic on why they’re doing it this way and whether there’s any logic to it.” Sen. MORE (R-Kan.) on Monday called on the administration to define “a solid path toward an end result in our trade negotiations with China.” “We cannot escalate a fight between a significant purchaser of what we produce in Kansas with no real end goal,” he warned in an op-ed published in The Hill. Senate Republican Conference Chairman MORE (R-S.D.) said he and his colleagues are concerned about how carefully Trump has thought out his tactics. “I don’t know that there’s a real plan or strategy in place that gets th... Link to the full article to read more

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