Senate finance chair says no to giving Trump more tariff authority
WASHINGTON (Reuters) - U.S. Senate Finance Committee Chairman Charles Grassley said on Wednesday that Congress will not grant any expansion of President Donald Trump's executive authority over tariff and other trade remedies.
"We ain't going to give him any greater authority. We already gave him too much," Grassley, an Iowa Republican, told reporters in response to a Bloomberg report that the White House is preparing a bill that would seek to give Trump broad authority to levy new tariffs to break down other countries' non-tariff trade barriers.
Trump previously sought to expand his authority on trade with an attempt last year at legislation that would allow "reciprocal tariffs" and that would abandon key disciplines agreed at the World Trade Organization.
Trade has become one of the administration's key priorities, with Trump seeking new trade pacts with China, Canada, Mexico, the European Union and Japan. Washington has already reworked the North American trade treaty with neighbors Mexico and Canada, though it has yet to be voted on by the new Congress.
Grassley said he thought concerns over labor and other elements of the agreement held by Democratic lawmakers could be addressed through side letters, rather than renegotiation of the deal.
Steel and aluminum tariffs on Canada and Mexico are hurting farmers and "those have to go" in order to get agricultural interests to support congressional approval the new U.S.-Mexico-Canada Agreement trade deal, Grassley said.
(Reporting by Chris Prentice and David Shepardson; editing by Richard Chang)
More Top Stories
British opposition Labour Party leader Jeremy Corbyn moved a step closer to paving the way for another referendum on European Union membership by trying to …read more
U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum …read more
Winter winds and ice sheets will bring extreme cold and ice-slick roads to the Midwestern and Eastern United States on Monday.read more
The U.S. Supreme Court on Tuesday let President Donald Trump enforce his policy barring certain transgender people from joining or staying in the military as …read more
Covington Catholic High School, the Kentucky school at the center of a national controversy over a viral video of an encounter between some of its …read more
Senator Rand Paul and Representative Thomas Massie, both from Kentucky, expressed support for the Covington Catholic High School students who were attacked by the media …read more