Last updated on July 17th, 2023 at 09:38 pm
On Sunday, Trump vowed to impose a 35% tariff to keep jobs from leaving the US. By Monday, after Congressional Republicans and business leaders weighed in, the plan was dead.
On Sunday morning, Trump tweeted:
Trump seems to think that he unilaterally makes policy for the entire country. If this is the case, the president-elect got a rude awakening when House Majority Leader Rep. Kevin McCarthy (R-CA) all but killed Trump’s idea while talking to reporters on Monday, “I think there’s other ways to achieve what the president-elect is talking about,” House Majority Leader Kevin McCarthy told reporters Monday, arguing that changing the tax code is the way to entice companies to create jobs and keep them in the U.S. I don’t want to get into some type of trade war.”
The Club For Growth came out against Trump’s plan, “Tax cuts and deregulation will make the American economy great again, but tariffs and trade wars will make it tank again,” said Club for Growth president David McIntosh. “The president-elect is spot on when he calls for cutting taxes and federal regulations, but 35-percent tariffs would be devastating to consumers and businesses. The Majority Leader is right to caution against protectionism and to urge a robust debate on free markets and trade.”
With two statements, one from the House leadership and one from a powerful business lobby, Trump’s ideas are dead on arrival.
Trump and Republicans in Congress are on a collision course. The president-elect thinks that he is in charge while Republicans in Congress view the White House as a rubber stamp for their agenda. Congressional Republicans keep killing Trump’s plans. Republicans have also said no to Trump’s wall, and immediate repeal and replace of Obamacare.
Ever since Trump won the election, he has done nothing but lose to Congress.
A power struggle is brewing as Donald Trump is about to get a painful lesson in how Washington really works.
Trump got House Republicans to not use reconciliation to cut Social Security. The problem is…
President-elect Trump and Speaker Mike Johnson have agreed to a deal that would fund the…
Donald Trump demanded that the debt limit be raised as part of the government funding…
Donald Trump and JD Vance are blaming President Biden for the havoc caused by Elon…
The first little bit of pressure involving passing a bill to keep the government open…
X boss Elon Musk is throwing a tantrum on his social media platform as House…
This website uses cookies.
