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Trump boxed in on trade


Added 05-12-19 06:57:02am EST - “President Trump is in a trade mess.” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “Trump boxed in on trade”. Below is an excerpt from the article.

President TrumpDonald John TrumpBooker backpedals after comparing Warren's Facebook proposal to Trump Booker: 'Thoughts and prayers' after gun violence are 'bullshit' Mike Pence tells Liberty University graduates to prepare to be 'shunned,' 'ridiculed' for being a Christian MORE is in a trade mess.

His new trade deal to replace the 1994 North American Free Trade Agreement (NAFTA) is bogged down in Congress, with little chance of passing, while the China deal he promised more than a year ago is quickly unraveling.

The administration on Friday increased tariffs on $200 billion in Chinese goods, raising the prospect of retaliatory measures from China, and Trump is due to make a decision Saturday on whether to place tariffs on automobile imports.

Congressional Republicans are frustrated that the new NAFTA deal, known as the United States-Mexico-Canada Agreement (USMCA), is stalled with little prospect of winning ratification in the Democratic-controlled House. That impasse is coming at a time when negotiations with China are sliding backwards, leading to prolonged pain in farm states whose exports have been caught up in the trade war.

“From the agriculture states, states where agriculture is key, the impact is being felt,” said Senate Republican Conference Chairman John BarrassoJohn Anthony BarrassoExport-Import Bank back to full strength after Senate confirmations Mike Enzi announces he'll retire from Senate after 2020 This week: Barr back in hot seat over Mueller report MORE (R-Wyo.). “People at home are still absolutely with the president but they’d like to see this come to a conclusion.”

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