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The Republican Party warned Trump from a trade war on the eve of Congressional elections

on Thu Apr 05, 2018 3:01 pm
The Republican Party of America warned Donald Trump, President of the country, that the escalation of trade relations with China and the rest of the world could seriously affect the political preferences of Americans.

This was reported by Bloomberg.

The Republicans believe that the trade restrictions that will be introduced in China and the EU in response to US tariff policy will hit the states where Republicans have the most support among voters.

According to the Republicans, the intensification of trade relations on the eve of the elections to the Congress, which will take place in November 2018, is especially frivolous.

"If new tariffs and" trade warfare "offset the positive economic effect of a tax reform, this will be a big problem for the Republican Party," said Michael Steel, Managing Director of Hamilton Place Strategies.

Previously, China announced its intention to introduce a 25% duty on US $ 50 billion of US imports in response to similar US actions.

According to Bloomberg, most of this step in China will suffer most of the inhabitants of the American suburbs and the countryside that most supported Trump in the presidential election in 2016.

Earlier, the administration of Donald Trump introduced additional customs restrictions on Chinese imports to the country for a total of about $ 50 billion . Later, in response to such actions, China introduced similar tariffs of $ 3 billion of US goods imported into the PRC.

Donald Trump also introduced import duties on steel (25%) and aluminum (10%). The orders signed by the president came into force on March 23. Mexico and Canada are still excluded from the list of countries.

Merkel condemned the introduction by the United States of duties on metals.

The Ukrainian government has said it is working to bring Ukrainian metal products out of US customs duties.

hromadske.ua  In Ukrainian/український
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