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Speaker Ryan Warns Trump About Trade War Consequences

Republicans fear a trade war will wipe out majorities in midterm elections.

by on Mar.06, 2018

Republicans in the House, led by Paul Ryan, are attempting to dissuade President Donald Trump from implementing new tariffs.

The war of words over trade if not the trade war itself continues unabated this week with warnings from President Donald Trump’s Republican allies in Congress about the potential for adverse economic fallout from the sudden imposition of tariffs and taxes by the U.S.

House Speaker Paul Ryan (R-Wisconsin) told journalists he was “extremely worried” about sowing discord with Mexico and Canada and the consequences of a trade war.

Automotive Insight!

Canadian Prime Minister Justin Trudeau wasted no times no time in attacking Trump’s tariff proposal and Mexican officials have abruptly given up on efforts to re-negotiate the North American Free Trade Agreement, which is critical to companies tied to the North American Auto Industry. (more…)