Published

Republican Party Backlash Grows Over Trump’s Mexico Tariff

Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.
#economics

Share

Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.

Trump justifies the tariff under the same national emergency declaration he made in February about illegal immigration. He is using that Senate-approved step to divert federal funds to pay for building a barrier along the Mexican border.

But Republican senators say Trump’s new levy won’t garner comparable backing. “Senate Republicans are tariff weary,” Sen. Kevin Cramer (R-N. Dakota) tells reporters.

Trump has said Congress would be “foolish” to challenge his desire to impose the tariff. He is using the tax, which would increase by five points per month through October, to force Mexico to control the surge of migrants across its border with the U.S.

“A 5% tariff isn’t going to break the bank,” says Sen. John Kennedy (R-La.). “A 25% tariff is a different story.”

RELATED CONTENT

  • On Quantum Navigation, EVs, Auto Industry Sales and more

    Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.

  • Porsche Doubles EV Target for 2025

    Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.

  • VW Warns of Higher Costs to Develop EVs

    CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.

Gardner Business Media - Strategic Business Solutions