Despite politicians in his own party, like House Speaker Paul Ryan (R-Wis.), calling on him to ditch his plan to impose tariffs on steel and aluminum, President Trump said Monday he's "not backing down."
Last week, Trump surprised everyone by announcing he planned on implementing a 25 percent tax on steel imports and a 10 percent tax on aluminum imports. On Monday, Ryan released a statement saying he was "extremely worried about the consequences" of such a move, and his spokeswoman said there were concerns this would launch a "trade war," with Ryan "urging the White House to not advance with this plan."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The teenage 'maths prodigy' who turned out to be a cheatUnder The Radar Jiang Ping defied expectations in a global competition but something wasn't right
-
Puppet shows, pagodas and pho: a guide to HanoiThe Week Recommends Vietnam's capital city blends the ancient with the new
-
'There are benefits, but not acknowledging them would tell only half of the story'Instant Opinion Opinion, comment and editorials of the day
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Would Trump's tariff proposals lift the US economy or break it?Talking Points Economists say fees would raise prices for American families
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
