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December 6, 2016

Trump's tariffs hit hurdle: GOP Congress

By ERICA WERNER
AP Congressional Correspondent

WASHINGTON — President-elect Donald Trump's plan to use steep tariffs to punish companies that move overseas is running into an obstacle: Congressional Republicans.

House Majority Leader Kevin McCarthy warned Monday that such an approach could cause a trade war. A better way to achieve the goal of keeping companies in the U.S. and growing jobs would be to rewrite the tax code and lower corporate rates, McCarthy said.


 
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