Trump Brings Republicans to Moment of Truth on Trade

Trump Brings Republicans to Moment of Truth on Trade

Trump's White House staff has been depicted as divided between "globalists" like Cohn, Trump's son-in-law Jared Kushner and Treasury Secretary Steve Mnuchin, and "nationalists" like former chief strategist Steve Bannon, trade adviser Peter Navarro and Commerce Secretary Wilbur Ross.

President Donald Trump and his administration are dropping clues about a potential Gary Cohn return.

Navarro, Cohn's rival, is a leading candidate to take over from him as trade adviser, a prospect...

Trump then asked Chung to announce it to the White House press, but Chung wanted first to check in with South Korean President Moon Jae-in, the official said.

Determined to keep what he viewed as a crucial campaign promise, Trump forged forward with a plan to order new tariffs this week.

Although many in Washington would like to see some pushback against China's unfair trade and industrial policies, they also fear that a global trade war over steel and aluminum is not the right way to deal with the problem. He will join a string of recent departures by senior White House officials. But, after reading about how anxious Missouri farmers are about a possible trade war, my first thought was, "You get what you paid for". That has raised the possibility of whether Congress will block Trump's trade decisions.

"I think ultimately it can be good in the short term for steelworkers", said Assistant Professor of Economics at OSU Kyle Dempsey.

But Mr. Moon's persistence suddenly appears to be paying off. Mr. Trump's head-spinning decision to accept an invitation to meet with Kim Jong-un, North Korea's leader, amounts to a remarkable diplomatic coup for Mr. Moon, who engineered the rapprochement in a whirlwind of diplomacy that began at the Winter Olympics last month and gained momentum faster than perhaps even he had anticipated.

Stressing the need for "flexibility" while protecting the country's national security, Trump also said that other countries could negotiate bilaterally with the United States to get exemptions and reductions in their tariff rates.

A day away from the president's expected official action, his spokeswoman did say Mexico, Canada or other countries may be spared under national security "carve-outs", a possible move that could soften the tariff blow.

Cohn-Navarro discussions sometimes turned into shouting matches, occasionally in front of Trump. So initially, what was meant to be an hour-long meeting ended after about forty-five minutes, and Chung Eui-yong and Suh Hoon headed to the Oval Office to meet with President Trump at 4:15.

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