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Sen. McConnell On Trump Tariffs: ‘I Am Nervous About Getting Into Trade Wars’

DEMOCRACY

Sen. McConnell On Trump Tariffs: ‘I Am Nervous About Getting Into Trade Wars’




Senate Majority Leader Mitch McConnell (R-Ky.) during a speech to farmers and business leaders in Shelbyville, Ky., on Tuesday warned of a “slippery slope” regarding President Trump‘s decision to impose tariffs on China, saying the move makes him “nervous.”

“Many of you are in agriculture. We are a great exporter of an agricultural product,” McConnell said in a speech to farmers and business leaders in Shelbyville, Ky., the Courier-Journal reported. “I am nervous about getting into trade wars and I hope this doesn’t go too far.”

“I’m not a fan of tariffs, and I am nervous about what appears to be a growing trend in the administration to levy tariffs,” he added. “This is a slippery slope, so my hope is that this will stop before it gets into a broader tit-for-tat that can’t be good for our country.”




The Hill added:

This week, the White House announced tariffs of 25 percent targeting Chinese electronics, shoes and furniture, among other commodities.

China’s government responded Wednesday with reciprocal tariffs, announcing a plan targeting about $50 billion worth of goods including American soybeans, airplanes and automobiles.

Business groups warned the administration this week that escalating protectionist trade policies could have an adverse effect on consumers.

“While we are pleased that many everyday products such as clothing and shoes are not on the list, we remain concerned that other goods such as consumer electronics and home appliances are targets,” National Retail Federation President and CEO Matthew Shay said on Tuesday.




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