Senators found a White House meeting on trade last week “not very helpful.”
By Seung Min Kim and Seung Min Kim White House reporter Email Bio Follow Erica Werner Erica Werner Congressional reporter focusing on economic policy Email Bio Follow May 6 at 8:12 PM President Trump’s threat to impose tariffs on $200 billion of Chinese goods has further inflamed the relationship between him and Senate Republicans over trade, as the GOP lawmakers fight an increasingly losing battle to push Trump away from his protectionist instincts.
Senate Majority Whip John Thune , who met with Trump last week on the issue, said Monday evening he was worried about the potential impact of Trump’s latest threat against China and that other Republicans were trying to make their case to the White House. That much was clear in a private White House meeting late last week, when a half-dozen Republican senators on the powerful Finance Committee had assembled to argue against Trump’s tariffs, both on foreign steel and aluminum and the threatened levies on autos.
Asked how successful the Thursday meeting in the Roosevelt Room was, Finance Committee Chairman Charles E. Grassley responded Monday: “Not very successful.” The Dow Jones industrial average on Monday plummeted more than 471 points, but recouped most of those losses by the end of the day — although the administration laid out its accusation against the Chinese of “reneging” on the trade commitments after the markets had closed.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Weiterlesen »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Weiterlesen »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Weiterlesen »
Trumps file new lawsuit to keep finances hidden from investigatorsAs a rule, when Trump World acts as if it has something to hide, it's because Trump World has something to hide.
Weiterlesen »
European markets set for sharp losses at the open as US-China trade tensions escalateEuropean markets are set to open sharply lower on Monday, after President Donald Trump said the U.S. would hike tariffs on goods from China.
Weiterlesen »
Oil mixed as U.S.-China trade dispute weighs, but sanctions keep market tenseOil prices were mixed on Tuesday, pressured by concerns the escalating Sino-U.S....
Weiterlesen »
US-China trade talks hit snagTop US officials say imports from China will be slapped with tariffs even as Beijing is sending a delegation for a push to end the yearlong trade dispute.
Weiterlesen »
Buffett doesn't see clear outcome in trade fight with ChinaBuffett spoke after holding his annual Berkshire Hathaway shareholders meeting.
Weiterlesen »
China Vice Premier Liu may still travel to U.S. this week: SCMPChina Vice Premier Liu He could still travel to the United States for trade nego...
Weiterlesen »
Tariffs That Started the U.S.-China Trade Conflict Now Dog Its FinishAs U.S. and Chinese officials try to close a trade deal, the punitive tariffs the governments slapped on each country’s goods in the conflict stand as a major obstacle.
Weiterlesen »