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Five takeaways on Trump’s tariffs | TheHill

posted onMarch 3, 2018
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Article snippet: MORE’s plan to levy steep tariffs on steel and aluminum imports has rattled global markets, irritated members of his own party and sent key U.S. allies reeling for an equivalent response.  The announcement on Thursday came as a surprise to some in the White House, as a legal review on proposals sent to the president from the Commerce Department had yet to be completed. Here are five takeaways on the most dramatic step yet by Trump on trade — a central issue in his successful presidential campaign.  Trump is picking a fight with Republicans Trump and Republicans in Congress — with the exception of a handful of GOP lawmakers representing high-tax districts — were remarkably unified on December’s tax-cut package. The result was a new law that is the White House’s crowning legislative achievement — and one the GOP hopes will preserve its majorities this fall in the House and Senate. The imposition of steep tariffs on steel and aluminum, in contrast, is intensely disliked by seemingly most of the GOP.  “Kooky 18th century protectionism will jack up prices on American families, and will prompt retaliation from other countries,” Sen. MORE (R-Wis.) and other leaders have asked Trump to reconsider. The party that is unified generally wins. On these tariffs, the GOP-led Congress and the White House is hopelessly divided.  Trump’s plan is dividing his own White House  There are deep divisions among Trump’s own team over the tariffs.  A cadre of senior officials, including ... Link to the full article to read more

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