With Trump gone, Republicans look to weaken his Ch
Post# of 127702
(Total Views: 217)
Posted On: 04/28/2022 7:56:04 PM
With Trump gone, Republicans look to weaken his China tariffs
Congressional Republicans continue to talk tough about confronting China economically, echoing the populist rhetoric of former President Donald Trump. But with Trump and the political cover he provided gone from Washington, GOP senators are turning away from some of the most restrictive China trade policies his administration instituted.
Exhibit A: Republicans are balking at the protectionist trade provisions included in House legislation to help the U.S. economy compete with China, which passed the lower chamber with only one GOP vote.
Instead, Republicans are pushing to approve the Senate version of the legislation, which would roll back some of Trump’s tariffs on China — something the Biden administration has been reluctant to do. And they’re threatening to pull their support for the legislation entirely if certain House trade proposals are approved by the conference committee currently negotiating the final text. Given that the final legislation will ultimately need GOP votes to get through the Senate, that gives the more traditional, pro-trade wing of the party the upper hand in the negotiations — bucking protectionist impulses that have been on the rise in both parties in recent years.
The Senate bill “needs to be the foundation” of what comes out of the conference committee, said Senate Finance Committee Ranking Member Mike Crapo (Idaho), who crafted the Senate trade title with committee Chair Ron Wyden (Ore.) and has called for a more “thoughtful” application of Trump’s China tariffs. He was echoed by Sen. Todd Young (Ind.), the lead GOP sponsor of the China legislation in the Senate, who said the final product would have to “resemble fairly closely the Senate bill in order to retain Republican support.”
https://www.politico.com/news/2022/04/22/comp...s-00026990
===============================================
Yeah I'm feeling safe with The Republicans getting back in power ?
What you say 10 15 years before we be eating Borscht with Chopstick's.
Voting Biden back In at least you know what you got
Congressional Republicans continue to talk tough about confronting China economically, echoing the populist rhetoric of former President Donald Trump. But with Trump and the political cover he provided gone from Washington, GOP senators are turning away from some of the most restrictive China trade policies his administration instituted.
Exhibit A: Republicans are balking at the protectionist trade provisions included in House legislation to help the U.S. economy compete with China, which passed the lower chamber with only one GOP vote.
Instead, Republicans are pushing to approve the Senate version of the legislation, which would roll back some of Trump’s tariffs on China — something the Biden administration has been reluctant to do. And they’re threatening to pull their support for the legislation entirely if certain House trade proposals are approved by the conference committee currently negotiating the final text. Given that the final legislation will ultimately need GOP votes to get through the Senate, that gives the more traditional, pro-trade wing of the party the upper hand in the negotiations — bucking protectionist impulses that have been on the rise in both parties in recent years.
The Senate bill “needs to be the foundation” of what comes out of the conference committee, said Senate Finance Committee Ranking Member Mike Crapo (Idaho), who crafted the Senate trade title with committee Chair Ron Wyden (Ore.) and has called for a more “thoughtful” application of Trump’s China tariffs. He was echoed by Sen. Todd Young (Ind.), the lead GOP sponsor of the China legislation in the Senate, who said the final product would have to “resemble fairly closely the Senate bill in order to retain Republican support.”
https://www.politico.com/news/2022/04/22/comp...s-00026990
===============================================
Yeah I'm feeling safe with The Republicans getting back in power ?
What you say 10 15 years before we be eating Borscht with Chopstick's.
Voting Biden back In at least you know what you got
(0)
(0)