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Tags: Ryan | opposition | tariffs

Paul Ryan: I Still Don't Support Tariffs

Paul Ryan: I Still Don't Support Tariffs
Speaker Paul Ryan addresses the media Tuesday on Capitol Hill. (Getty Images)

By    |   Tuesday, 24 July 2018 12:09 PM

House Speaker Paul Ryan on Tuesday reiterated his opposition to tariffs levied by President Donald Trump, saying that "better tools" can be used to "hold abusers of trade laws" accountable.

"I don't think tariffs are the right answer," the Wisconsin Republican told reporters in brief comments at the Capitol. "I don't support tariffs. I think tariffs are taxes.

"There are better tools that we can use to hold abusers of trade laws and countries that perpetuate unfair trade practices … to get them to play fairly.

"I just don't think the tariff route is the smart way to go."

President Trump on Tuesday, meanwhile, continued to stoke fears of a global trade war in defense of his trade policies, declaring on Twitter that "tariffs are the greatest."

"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with tariffs," the president said. "It's as simple as that."

Trump said earlier this month that the U.S. would slap additional duties on as much as $50 billion in Chinese imports, further escalating a possible trade war, but both sides have hinted that new talks could begin soon.

"I understand the president's plan," Ryan told reporters. "I understand what he is trying to do.

"The goal he is trying to achieve is a good one: a better deal for Americans, better trade agreements.

"I don't think tariffs are the way to go," he said. "Our members are making that pretty clear.

"At the end of the day, we all want to land in the same place. I would like to get to the landing spot as fast as possible."

That includes reaching an agreement with China, the European Union and other nations to resume meat exports to reduce the stockpile of 2.5 billion pounds being stored at various sites around the country.

"It's important to lower trade barriers to one another," the speaker said, referring to Europe. "They have higher tariffs on our products in certain areas.

"Agriculture in particular. We have a big beef, no pun intended, with the Europeans, and with cheese as well," Ryan said. "It's important that we work together to reduce trade barriers and trade restrictions between our countries.

"This friction that we're having, as long as it results in lowering barriers and making it easier for us to access foreign markets and have reciprocal trade agreements, that's great," Ryan said.

"That's hopefully where we can end up with this."

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Politics
House Speaker Paul Ryan on Tuesday reiterated his opposition to tariffs levied by President Donald Trump, saying that "better tools" can be used to "hold abusers of trade laws" accountable. "I don't think tariffs are the right answer," the Wisconsin Republican told reporters...
Ryan, opposition, tariffs
413
2018-09-24
Tuesday, 24 July 2018 12:09 PM
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