Washington (CNN) – The Trump transition team is floating the possibility of an early executive action to impose tariffs on foreign imports, according to multiple sources.
Such a move would deliver on President-elect Donald Trump’s “America First” campaign theme. But it’s causing alarm among business interests and the pro-trade Republican establishment.
The Trump transition team didn’t immediately respond to a request for comment on the prospect of new tariffs. But a transition official said the team has discussed implementing a border adjustment tax measure under consideration by House Ways and Means Committee Chairman Kevin Brady, which would tax imports to spur US manufacturing.
Curbing free trade was a central element of Trump’s campaign. He promised to rip up the North American Free Trade Agreement with Mexico and Canada. He also vowed to take a tougher line against other international trading partners, almost always speaking harshly of China but often including traditional US allies such as Japan in his complaint that American workers get the short end of the stick under current trade practices.
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Finally, I can pay more for everything I can buy. https://t.co/gVKmV6aUzP
— jon gabriel (@exjon) December 22, 2016
Trump team floats possibility of an early executive action to impose tariffs on foreign imports, sources say https://t.co/Am0O5ilQI4 pic.twitter.com/LM0KCL0VFg
— CNN (@CNN) December 22, 2016
I told you he is a Democrat.
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