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Ramesh Ponnuru: Republican leaders will cave in on Trump tariffs
13 March 2018, 08:59 | Glen Norman
Jeff Flake Getty Images
"I disagree with this action and fear its unintended consequences", the speaker of the House said in a statement, while welcoming the temporary exemptions granted to Mexico and Canada.
Congress has the power to challenge President Trump on new tariffs, but it's unlikely lawmakers will act, even though almost all congressional Republicans oppose the president's trade policy because they believe it will harm the USA economy. For good measure, he lectured Trump and his enablers: "Tariffs will not add thousands of American jobs".
Baldwin, who like Walker is up for re-election in November, said the best way to support Wisconsin workers is to enact strong buy-American standards like the ones she's supported, as well as renegotiate a better deal on the North American Free Trade Agreement.
Aadhaar-linking deadline extended, indefinitely
In other words, government schemes where subsidies and benefits are given will have to be linked to Aadhaar by March 31. However, the deadline for linking aadhaar for availing government subsidies, and benefits continues to be March 31.
Since Trump suggested the tariffs earlier this week, opining that "trade wars aren't so bad", Republicans on Capitol Hill have been trying frantically but unsuccessfully to talk him out of it.
"I will immediately draft and introduce legislation to nullify these tariffs, and I urge my colleagues to pass it before this exercise in protectionism inflicts any more damage on the economy", Flake said in a statement. Even among the economists critical of the tariffs, no one has said that the effect of the tariffs would be so strong as to completely counteract the deep tax cuts passed a year ago. "This is very hard, I think, to address by legislation, and it's obvious the president certainly has his mind made up", Roberts said.
President Donald Trump is announcing steep tariffs on imports of steel and aluminum to address what he says is an "assault on our country". At least he'll have on his side fellow Arizona Republican Sen.
Even some of Trump'smost ardent defenders seemed ready for a fight. "They (the administration) truly believe that tariffs is the way to go".
Trump appeared at a rally in Moon Township, Pennsylvania, on Saturday in an effort to help Republicans win a congressional district that the president won by 20 points in 2016 and endorse candidate Rick Saccone in the special election on Tuesday. As an ideological matter, tariffs raise the ire of conservative economic pundits and activists like few other issues. It's big government picking winners and losers. Flake has criticized Trump as a stain on the Republican Party and Trump, taking the bait, has engaged in name-calling in response - "Senator Flake (y) - while calling Flake weak on crime and the border". They and the country will pay the price.
Oil Pushes Higher, Despite Growing US Output
The officials also mention that they are looking to delay the initial public offering of the Saudi Aramco until next year. Both WTI and Brent as recently as Thursday had marked their lowest settlements since mid-February.
Abcam (LON:ABC) Given "Neutral" Rating at JPMorgan Chase & Co
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