GOP senators warn Trump’s Mexico tariffs could blow up trade deal

05/31/2019

|

Doug Palmer | Politico

Republicans are warning President Donald Trump that he could sabotage his hopes of a new trade agreement with Canada and Mexico if he follows through on plans to impose harsh new tariffs on the latter country.

The [U.S.-Mexico-Canada Agreement] would provide much-needed certainty to our agriculture community, at a time when they need it,” Sen. Joni Ernst (R-Iowa) said in a statement Friday. “If the president goes through with this, I’m afraid progress to get this trade agreement across the finish line will be stifled.”

She joined Senate Finance Chairman Chuck Grassley (R-Iowa) and a number of business groups who criticized Trump’s latest tariff move and warned it could imperil approval of the replacement for NAFTA, the president’s top legislative priority.

Trump said Thursday night that he planned to impose a 5 percent duty on all Mexican goods beginning June 5 to pressure Mexico to do more to stop illegal border crossings into the United States. That duty will increase to 10 percent on July 1 and rise by 5 percentage points each month until it reaches 25 percent on Oct. 1 if Mexico does not satisfy his demand.

But the move to link immigration policy and trade is drawing sharp criticism from members of Trump’s own party.

[To read the original article, click here]