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Trump Threatens Tariffs If Countries Don't Cooperate With US

Trump Threatens Tariffs If Countries Don't Cooperate With US

By    |   Tuesday, 23 October 2018 02:03 PM EDT

President Donald Trump on Tuesday defended his use of tariffs, saying they are “great” for negotiations with other countries, and threatening to impose tariffs on ones that “won’t give up a fair Trade Deal.”

Trump tweeted Tuesday morning: “Billions of dollars are, and will be, coming into United States coffers because of Tariffs. Great also for negotiations - if a country won’t give us a fair Trade Deal, we will institute Tariffs on them. Used or not, jobs and businesses will be created. U.S. respected again!”

Edward Gerwin, a senior fellow for trade and global opportunity at the Progressive Policy Institute, wrote in The Wall Street Journal on Sunday that Trump’s tariffs and other protectionist policies “are already damaging the U.S. economy. Consumers are paying higher prices for beer, boats and HVAC systems. Washer and dryer prices surged 20 percent in three months. And if the auto tariffs are implemented, they would add thousands to the price of imported and domestic cars.”

A Ford Motor Co. executive told The Detroit News on Monday that “U.S. steel is costing more than anywhere else in the world,” and that prices are “certainly up year over year, and they're up versus what we were expecting.”

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President Donald Trump on Tuesday defended his use of tariffs, saying they are “great” for negotiations with other countries, and threatening to impose tariffs on ones that “won’t give up a fair Trade Deal.”
donald, trump, tariffs, trade, negotiations
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2018-03-23
Tuesday, 23 October 2018 02:03 PM
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