Trump trade war with China threatens farm vote
Added 05-19-19 10:22:02pm EST - “President Trump's decision to lift steel tariffs on Canada and Mexico while postponing a fight with the European Union over auto imports leaves him free to focus on China ?" an escalating trade war in which both sides are digging…” - Washingtontimes.com
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President Trump’s decision to lift steel tariffs on Canada and Mexico while postponing a fight with the European Union over auto imports leaves him free to focus on China — an escalating trade war in which both sides are digging in.
No new talks have been scheduled with China since the collapse of negotiations two weeks ago, and Mr. Trump is promising $15 billion in aid for U.S. farmers being targeted by Chinese tariffs on agricultural products.
Lawmakers in both parties say the trade agreements with Canada and Mexico announced Friday make it more likely that Congress will approve Mr. Trump’s trilateral deal to replace the North American Free Trade Agreement. U.S. industries including agriculture and bourbon expressed relief that they will no longer be saddled with retaliatory tariffs from the two major U.S. trading partners.
With Republican lawmakers from farm states pressuring the president behind the scenes to back off his trade wars, however, Mr. Trump faces another decision on China: whether to persist with his tariffs and risk the loss of support in red states as his reelection campaign approaches.
“I actually think the president is right to challenge China,” Sen. Patrick J. Toomey, Pennsylvania Republican, said on “Fox News Sunday.” He said China is “in a distinct category separate from” other U.S. competitors.
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