Trump wants Congress to give him authority to impose reciprocal tariffs: report

Trump wants Congress to give him authority to impose reciprocal tariffs: report
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President TrumpDonald TrumpMajority of Americans in new poll say it would be bad for the country if Trump ran in 2024 ,800 bottle of whiskey given to Pompeo by Japan is missing Liz Cheney says her father is 'deeply troubled' about the state of the Republican Party MORE has expressed a desire for Congress to give him the authority to impose reciprocal tariffs on other nations in an effort to clash with the World Trade Organization (WTO), according to Axios.

Trump has reportedly bemoaned the fact that the U.S. has lower tariffs on various foreign goods than other countries have on U.S. goods. 

The news outlet reports the president has cited the European Union's 10 percent tariff on all cars, compared to the United States's 2.5 percent tariff on foreign cars. 


The move would put Trump into direct conflict with the WTO, which has advocated for rich nations such as the U.S. having lower tariffs. 

However, a source told Axios that the president does not really want to raise tariffs, but rather use the legislation as a bargaining chip against other nations to get them to lower their tariffs. 

Trump reportedly asked members of his staff to create an executive order, but he was told he could not do that legally. 

The Hill has reached out to the White House for comment. 

While the reported legislation is unlikely to gain traction in Congress, it illustrates Trump's pro-tariff economic policy. 

Trump is reportedly poised to announce his broad tariffs on imported Chinese goods next week, and enacted tariffs on aluminum and steel imports earlier this month to the chagrin of various major U.S. allies.

The president's economic policy has also impacted staffing at the White House. 

Former chief economic adviser Gary Cohn clashed with Trump on the issue of tariffs, resulting in Cohn's departure from the White House.   

Trump has tapped CNBC contributor Larry Kudlow to replace Cohn. 

Kudlow has spoken out against tariffs, but the president has suggested Kudlow has come around to the idea in recent days.