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News Today: Trump Is Backpedaling on His Ridiculous Tariffs Because He Has No Idea How to Be President-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (wikipedia) News Today: Trump Is Backpedaling on His Ridiculous Tariffs Because He Has No Idea How to Be President
It looks like Canada and Mexico will be exempt from the tariffs after all.
After defying conventional wisdom, Republican Party dogma and many of his own advisers by announcing new steel and aluminum tariffs, President Donald Trump appears to be backpedaling on the brazen proposal.
The whole ridiculous saga reveals just how ill-equipped Trump is to be president.
When he initially decided on the plan, he reportedly said that the 25 percent tariff on foreign steel and 10 percent tariff on foreign aluminum would apply to all countries, because otherwise, everyone would ask for an exemption. Peter Navarro, director of the White House National Trade Council, said the same thing on CNN Sunday.
“There’ll be an exemption procedure for particular cases where you need to have exemptions so that business can move forward, but at this point in time, there’ll be no country exclusions,” Navarro said.
But on Wednesday, White House Press Secretary Sarah Huckabee Sanders dialed back that hardline position.
"There are potential carve-outs for Mexico and Canada based on national security, and possibly other countries, as well, based on that process," she said. "That would be a case-by-case and country-by-country basis."
So now it appears Canada, our top exporter of steel, and Mexico, our fourth most important steel exporter, will be exempt from the tariffs, significantly weakening the policy's impact. Since the tariffs could have a negative impact on American workers, that's a good thing. But why do it at all?
All reports suggest that Trump decided on the policy impulsively, leading chief economic adviser Gary Cohn to resign.
Trump has engaged in a lot of bluster over how important the tariff policy is and how tough he's going to be on it. Now, he appears to be watering it down, further tearing his credibility to tatters and revealing the shallowness of his policymaking.
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News Today: Trump Is Backpedaling on His Ridiculous Tariffs Because He Has No Idea How to Be President
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