House Speaker Ryan criticizes Trump tariff plan

White House shrugs off rift over tariffs with Speaker Paul Ryan

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Jeff Flake has threatened to introduce legislation to nullify the President's tariffs if they are anything like what Donald Trump is predicting. "We just want fairness".

Like most Senate Republicans, Roberts strongly opposes Trump's impending decision to impose new tariffs of 25 percent on steel imports and 10 percent on aluminum imports. "I don't think we're at the point where we need to consider that bill yet", said Sen.

The president indicated Canada and Mexico's treatment would be connected to the ongoing NAFTA talks, which are expected to resume in early April.

According to reports, Canada and Mexico are exempt from the tariffs amid larger trade negotiations.

Senate Majority Leader Mitch McConnell said the exemptions for Canada and Mexico are not enough.

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Lawmakers have largely remained in the dark about the White House's plans, but many senators said it's a long shot at best to stop Trump.

Trump's tariffs have not yet taken effect, and congressional Republicans are hoping to convince the president to limit their scope or effect.

Steel and aluminum workers were invited to the White House for the afternoon announcement with Trump.

"I disagree with this action and fear its unintended consequences", Ryan said. He pointed to the store's many products that rely on steel and aluminum.

European Union leader Jean-Claude Juncker also warned President Trump against imposing the tariffs, saying that EU nations would retaliate by placing similar tariffs on USA imported products like Kentucky bourbon and blue jeans.

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"I think there's a good chance that we will nullify the tariffs", he told reporters.

Business leaders, meanwhile, continue to sound the alarm about the potential economic fallout from tariffs, with the president and CEO of the U.S. Chamber of Commerce raising the specter of a global trade war. On Twitter, Trumpka called the tariff a "good steps towards fixing predatory practices that hurt workers & cheat companies that produce in USA".

"We urge the administration to take this risk seriously", Donohue said. Some of them will be mildly helped by the president's tariffs.

The White House, however, held out the possibility of exemption or delayed execution of the order for some countries, notably neighbours Canada and Mexico with which the USA has been engaged in talks aimed at a revamp of the North American Free Trade Agreement (NAFTA) that Trump has been insisting upon.

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