Automakers may seek to water down Trump tariffs

  • Automakers may seek to water down Trump tariffs

Automakers may seek to water down Trump tariffs

More importantly, Trump could ask for quotas and tariffs on a wider range of Chinese products, including furniture, auto parts and electronics, if the USA government concludes that China has engaged in unfair intellectual property and industrial policy practices.

Opponents of Liddell, who joined the administration early a year ago and has worked closely with the president's adviser and son-in-law, Jared KushnerJared Corey KushnerKushner resisting giving up top access amid scrutiny over security clearances: report Kelly says he has "full confidence" in Kushner on foreign policy White House: Security clearance review won't affect Kushner MORE, say that his record in the administration has not been notable enough for the position, according to the report. Our trade partners are already making a list of things we buy from them that will cost more.

Other countries have threatened reprisals, prompting fears of a global trade war.

"We're comfortable that we're going to manage through this so that it is not detrimental to our growth projections", he told Fox Business.

"Cohn helped a lot on tax cuts, it's been so great", Trump said.

Others persuaded Trump to follow through on his campaign rhetoric, led by Navarro and Commerce Secretary Wilbur Ross.

Trump linked the exemptions for Canada and Mexico to progress on renegotiating NAFTA to favour the United States. "He's seriously globalist, there's no question, but you know what, in his own way he's also a nationalist because he loves our country". These moves suggested that Trump would be willing to modify his hardline "America First" trade policy into "America first, but not alone". They could also try to pass a veto-proof bill to block the tariffs from going into effect, although getting two-thirds support in both the House and Senate could prove very hard.

"It's really an assault on our country", he declared, announcing the tariffs of 25% on imported steel and 10% on aluminum, which are used in everything from cars to construction, roads to railways. The tariffs, to take effect in 15 days, are created to reinvigorate those industries.

Citing two persons who were briefed on the discussions, The Seattle Times reported on Saturday that Liddell, who is the White House director of strategic initiatives, is seen as a front-runner to replace Cohn as director of the National Economic Council.

Trump, meanwhile, says he will take counter-counter measures, if necessary. Any mainstream replacement for Cohn as Trump's economic advisor will share his opposition to provoking or escalating trade disputes. Trump didn't back down and is set to sign the tariffs into law on Thursday.

"The temporary exemption for our trading partners in Canada and Mexico is a step in the right direction", said Matt Blunt, president of the American Automotive Policy Council.