House Speaker casts doubt on Congress acting to stop trade tariffshttps://www.reuters.com/article/us-usa-trade-ryan/house-speaker-casts-doubt-on-congress-acting-to-stop-trade-tariffs-idUSKBN1K22JDQuote
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump’s moves to impose tariffs on major U.S. trading partners’ goods, he questioned the wisdom of Congress taking legislative action to stop such sanctions.
“What’s more effective and constructive is to work with the administration to get the policy in a good place and that’s what we’re doing,” Ryan said in response to a reporter’s question. “I think that’s going to be more effective than trying to pass a piece of legislation that will not make it into law,” he added.
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On Wednesday the Senate, by an overwhelming 88-11 vote, approved a nonbinding measure by Corker and two other Republicans that would give Congress tougher oversight of Trump’s imposition of certain tariffs.
This week, Trump threatened 10 percent tariffs on $200 billion worth of Chinese goods.
China has retaliated and in Geneva on Thursday, Chinese Vice Minister of Commerce Wang Shouwen called on the United States to stand down. He called Washington “a trade bully” in remarks to reporters.
In Washington, U.S. Treasury Secretary Steven Mnuchin told Congress that the two trading partners could resume trade talks if Beijing signaled a willingness to make “structural changes” in its policies.
Too bad Paul Ryan is quitting. The guy makes a lot of sense.
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