Donald Trump, Issues, Trade

Trump looks to impose tariffs by executive order

Image Credit: Gage Skidmore CC BY-SA 2.0

Image Credit: Gage Skidmore CC BY-SA 2.0

Throughout his campaign, Donald Trump vowed to put forth “America first” trade policies. And according to multiple sources, his transition team is considering imposing a 5 percent tariff on imports via executive action:

Multiple sources told CNN that incoming White House chief of staff Reince Priebus has been telling business leaders that Trump is considering a 5 percent tax on imports.

The sources said that the proposal was met with fierce opposition from those in Washington who heard it.

The same sources were divided about whether they believed the Trump team was fully behind the proposal or if it was merely being felt out.

Such a move would typically be anathema to Republicans who favor a free market, though it remains unclear whether they would acquiesce to the administration.

Trump’s transition team did not respond to CNN when asked for comment.

It’s not clear whether the 5 percent tariff would be in addition to current import taxes or if it would replace the current levels.

Members of the pro-business GOP establishment, such as House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, worry that the move could set off trade wars with America’s neighbors.

  • carmella

    Imposing an additional tariff on goods from China will increase the costs of products the public buys–clothes, household goods, etc. Doesn’t seem like a good idea to me. I’d rather pay a little more if those products were made here.

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