Tags: Donald Trump | john thune | donald trump | tariffs | taxes

Sen. John Thune: Trump Tariffs 'Unlikely'

Image: Sen. John Thune: Trump Tariffs 'Unlikely'

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By    |   Friday, 20 Jan 2017 11:47 AM

Sen. John Thune, R-S.D., said President-elect Donald Trump's plans to impose tariffs on foreign goods would be "unlikely" to find support among Republicans in Congress.

Trump has proposed a 35 percent tariff on German cars built outside the U.S., as well as tariffs against Mexico and China. Thune, who sits on the Senate Commerce Committee and chairs the Republican conference, said Trump's proposals are more of a message to foreign powers.

"I would say it's unlikely you would find much support at least among Republican members of congress on some of those proposals," the senator said on MSNBC's "Morning Joe."

"But I think what he is doing, and I think this is probably an important message to send to some of . . . the people with whom we do business around the world, that this is no longer business as usual. And he is somebody who is going to shake things up and take a different look at things.

"Wilbur Ross is the nominee for commerce secretary and in front of our committee this week. He talked about the importance of, you know, being treated fairly and enforcing our laws and a lot of times people take advantage of American businesses and we play by the rules and nobody else does. I think that message is important one to send."

However, NBC News reports that Trump's tariff threats could cause car makers to more heavily invest in manufacturing in Mexico. According to unnamed high-level officials in the auto industry, the low price of the peso means manufacturing south of the border would remain a cheaper option than American production.

"The decline in the peso is a dagger at Ohio," former U.S. Treasury Secretary Lawrence Summers said in a speech at the World Economic Forum in Switzerland, according to NBC News. "It is a major change in the relative attractiveness of locating production activity in Mexico versus locating it in the American heartland."

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Sen. John Thune, R-S.D., said President-elect Donald Trump's plans to impose tariffs on foreign goods would be "unlikely" to find support among Republicans in Congress.
john thune, donald trump, tariffs, taxes
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2017-47-20
Friday, 20 Jan 2017 11:47 AM
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