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US House Speaker Urges Trump To Impose High Tariffs On Imported Steel

Mar 07, 2018

China News agency Washington, March 5 (Xinhua) U.S. House Speaker Paul Rein 5th that the White House would not push the tariff plan after many U.S. companies and lawmakers protested against US president Trump's imposition of high tariffs on imports of steel and aluminium.


In Thursday, Trump met with some U.S. steel and aluminium executives at the White House, saying it would impose tariffs of 25% and 10% on imports of steel and aluminium respectively. The move was opposed not only by U.S. allies Canada and the European Union, but also by U.S. domestic companies and lawmakers, international agencies such as the International Monetary Fund.


The Republican House speaker, Ryan, said in a statement on 5th that he was very concerned about the consequences of the trade war and was urging the White House not to push ahead with the plan. The statement said the new tax reform law has promoted economic development, and we do not want these results to be undermined.


But Trump said he would not budge. At the same time, he said he did not think there would be a trade war with reporters about the "trade war".


On the same day, Trump also reported on social media that there was a huge trade deficit between the United States and Canada and Mexico, and that the tariffs on steel and aluminium would not be lifted unless the United States agreed to a new and fair North American Free Trade agreement.


Congressional leaders have not ruled out the possibility of taking legislative action to stop Trump, but the focus is on lobbying Trump, CNN reported. The head of the House fund-raising Committee, which is responsible for taxes, trade and other matters, has been drafting a letter to trump the concerns that they are collecting more signatures, according to the Capitol newspaper.


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