Ryan targets Trump tariffs with email highlighting story on stock drops
Source: The Hill
BY LYDIA WHEELER - 03/05/18 10:31 AM EST
Speaker Paul Ryans (R-Wis.) office on Monday highlighted a drop in the stock markets caused by President Trumps decision to levy steep tariffs on steel and aluminum imports.
Ryan's office sent out an email with a CNBC story showing that the Dow Jones industrial average fell more than 100 points at the opening bell Monday over concerns that Trump will implement tariffs of 25 percent on steel and 10 percent on aluminum imports without any exceptions.
After Trump announced the tariffs last week, Ryan was among congressional Republicans who urged the president to consider the unintended consequences of such an action on the U.S. economy.
With critics raging and markets roiling on the news that Trump would make a formal announcement this week, the president tweeted about the issue on Monday morning.
Read more: http://thehill.com/homenews/administration/376747-ryan-email-highlights-story-on-trump-tariffs-hurting-stock-market
lagomorph777
(30,613 posts)The goal is to harm America and its allies as much as possible, per Putin's orders.
Get with the program Paul!
dalton99a
(81,404 posts)Orange Free State
(611 posts)But have everything to do with saving the Pa-18 special election. After next Tuesdays election, tariffs will not be as useful as a political tool and will be placed back in the toolbox, like abortion, to be taken out and polished up again when needed.