PAUL RYAN/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “House Speaker Paul Ryan stepped back Tuesday [3-6-18] from calls for President Donald Trump to drop aluminum and steel tariffs, instead urging the White House to take a more tailored approach focusing on countries that abuse the trading system.
The president’s announcement last week that he planned to impose global tariffs of 25% on steel and 10% on aluminum prompted worries among the congressional wing of the party that the move could provoke retaliation and hurt businesses that use steel and aluminum…
Many lawmakers have called for U.S. allies to be excluded from the import tariffs, and some want certain metal products, including those not produced in the U.S., to be exempted.
Mr. Ryan detailed his preferred approach one day after the House had returned from a weekend break. Many House Republicans on Monday night called for a more targeted approach to tariffs, with some saying that tariffs should apply to countries that abuse the system and others saying that the U.S. should impose tariffs only on narrow classes of metals, such as finished products.”
-Siobhan Hughes and William Mauldin, “Ryan Urges Trump to Take Targeted Approach on Metals Tariffs,” The Wall Street Journal online, Mar. 6, 2018 12:28pm