GOP/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “Republicans are ratcheting up their opposition to restrictive new tariffs that President Donald Trump advanced based on national security, with GOP lawmakers threatening legislation to rein in the White House. Sens. Bob Corker (R., Tenn.) and Pat Toomey (R., Pa.) are pushing to attach to a must-pass defense authorization bill a measure to limit Mr. Trump’s power to use the 1962 Trade Expansion Act to impose tariffs based on national security concerns. The move on tariffs comes as the Republican president also faces headwinds from the GOP-controlled Congress on the administration’s effort to cut nearly $15 billion from the federal budget through a package of spending rescissions. On trade, Republicans find themselves at an inflection point now that the administration has gone ahead with tariffs of 25% on steel and 10% on aluminum from U.S. allies, including Canada, Mexico and the European Union. The U.S. is also threatening additional tariffs on imported cars and parts.”
-Siobhan Hughes And Kristina Peterson, “Republican Resistance in Congress to Tariffs Grows,” The Wall Street Journal, June 5, 2018 7:48 pm