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March 8, 2018

Republicans in Congress, businesses brace for tariffs

  • Business leaders continued to sound the alarm about the tariffs, with the CEO of the U.S. Chamber of Commerce raising the specter of a global trade war.
    Associated Press

    WASHINGTON — Congressional Republicans and business groups braced Wednesday for the impact of expected tariffs on steel and aluminum imports, appearing resigned to additional protectionist trade actions as President Donald Trump signaled upcoming economic battles with China.

    The looming departure of White House economic adviser Gary Cohn, a former Goldman Sachs executive who has opposed the promised tariffs, set off anxiety among business leaders and investors worried about a potential trade war.

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