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U.S. under Trump Series: Trump remains defiant on Trade despite pressure from Republican leadership

As American allies were spooked by prospects of 25 percent tariffs on all Steel exports to the United States and 10 percent on all Aluminum exports and they threatened with counter-tariffs and trade wars, the Republican leadership tried to persuade Trump from finalizing his announcement, which he promised to make this week. The Republicans are fearing that a trade war with tariffs on American exports to other countries might trigger a setback, which they are afraid of before the mid-term election.

The Republican majority leader at the House of Representatives, Paul Ryan said in a statement on Monday, “We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan. The new tax reform law has boosted the economy and we certainly don’t want to jeopardize those gains" and he went on to persuade Trump to back away from his plan along with other Senior Republican members in Congress.

However, according to reports, when asked about Paul Ryan’s comments and efforts from Republican leadership to back away from his plans on trade Trump cleared that he is not backing away under any conditions and given his past actions, it is very likely that his administration is going to impose those tariffs. It is more likely that he wouldn’t just stop on Steel and Aluminum, his administration would go ahead with reciprocal taxes.

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