On the recordMarch 12, 2018
Mr. President, when these ill-conceived tariffs were announced last week, I said I would introduce legislation that would immediately nullify this very unfortunate exercise in protectionism before it could wreak havoc on our economy. If implemented, these tariffs will do just what tariffs have always done. They will lead to job losses and will stymie economic growth. What is worse, the President's attempt at flexibility in the form of poorly defined exceptions only serves to harm the economy further by creating uncertainty. Tariffs are bad enough on their own; tariffs married with uncertainty are even worse. Can you imagine the President saying one day, ``Well, I think that Australia is moving in ways that we think are good in this area or that, so I am going to lessen the tariffs that we impose on steel and aluminum for Australia''? The next day it is Brazil. ``If it does this or that that is unrelated to these tariffs, I might lift tariffs or lessen the burden of tariffs on that country.'' Yet, a week later, if Brazil makes another move, the President might seek to reimpose or to make the burden heavier. That simply doesn't work if you are trying to achieve economic growth and if you are trying to convince countries to enter into trade partnerships with you. Particularly when you are dealing with our allies, that is no way to treat your allies. I understand free trade is sometimes a challenge. I understand that it is a challenge on the campaign trail, certainly.…





