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Republicans want Trump to back off his tariff proposal

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In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: "We're not backing down."

The president said U.S. neighbors Canada and Mexico would not be spared from his plans for special import taxes on steel and aluminum, but he held out the possibility of later exempting the longstanding friends if they agree to better terms for the U.S. in talks aimed at revising the North American Free Trade Agreement.

"We've had a very bad deal with Mexico; we've had a very bad deal with Canada. It's called NAFTA," he declared.

Trump spoke shortly after a spokeswoman for Ryan, a Trump ally, said the GOP leader was "extremely worried" that the proposed tariffs would set off a trade war and urged the White House "to not advance with this plan."


Source :- yahoonews
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