Saturday, July 14, 2018

Corker hearing on tariff
U.S. Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, on Thursday convened a hearing on the implications of tariffs U.S. Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, on Thursday convened a hearing on the implications of tariffs for U.S. foreign policy and the international economy. The hearing examined the domestic and international impact of recent trade actions by the administration, including the implementation of tariffs on steel and aluminum imports. “From the imposition of tariffs by abusing Section 232 authorization, to threats to withdraw from long-standing trade agreements such as NAFTA, these actions are hurting our business and farm communities all around the country,” said Corker. “They are damaging the international relationships we have spent decades building, casting doubt on the United States and our role as a global leader and a reliable partner…To my knowledge, not a single person is able to articulate where this is headed, nor what the plans are, nor what the strategy is. It seems to be a ‘wake up, ready, fire, aim’ strategy. So, [the administration] need[s] to explain to us where this is going. The disruptions and costs of these tariffs are clear.” for U.S. foreign policy and the international economy. The hearing examined the domestic and international impact of recent trade actions by the administration, including the implementation of tariffs on steel and aluminum imports. “From the imposition of tariffs by abusing Section 232 authorization, to threats to withdraw from long-standing trade agreements such as NAFTA, these actions are hurting our business and farm communities all around the country,” said Corker. “They are damaging the international relationships we have spent decades building, casting doubt on the United States and our role as a global leader and a reliable partner…To my knowledge, not a single person is able to articulate where this is headed, nor what the plans are, nor what the strategy is. It seems to be a ‘wake up, ready, fire, aim’ strategy. So, [the administration] need[s] to explain to us where this is going. The disruptions and costs of these tariffs are clear.”


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