McConnell ‘nervous’ Trump tariffs will hurt the country

McConnell ‘nervous’ Trump tariffs will hurt the country
© Greg Nash

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellLincoln Project offers list of GOP senators who 'protect' Trump in new ad State and local officials beg Congress to send more election funds ahead of November Teacher's union puts million behind ad demanding funding for schools preparing to reopen MORE (R-Ky.) on Tuesday warned of a "slippery slope" regarding President TrumpDonald John TrumpKimberly Guilfoyle reports being asymptomatic and 'feeling really pretty good' after COVID-19 diagnosis Biden says he will rejoin WHO on his first day in office Lincoln Project offers list of GOP senators who 'protect' Trump in new ad MORE's trade policies, telling Kentucky business leaders that his home state could be harmed.

"Many of you are in agriculture. We are a great exporter of an agricultural product," McConnell said in a speech to farmers and business leaders in Shelbyville, Ky., the Courier-Journal reported. "I am nervous about getting into trade wars and I hope this doesn't go too far." 

"I'm not a fan of tariffs, and I am nervous about what appears to be a growing trend in the administration to levy tariffs," the senator added, according to the Louisville newspaper. "This is a slippery slope, so my hope is that this will stop before it gets into a broader tit-for-tat that can't be good for our country."

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This week, the White House announced tariffs of 25 percent targeting Chinese electronics, shoes and furniture, among other commodities.

China's government responded Wednesday with reciprocal tariffs, announcing a plan targeting about $50 billion worth of goods including American soybeans, airplanes and automobiles.

Business groups warned the administration this week that escalating protectionist trade policies could have an adverse effect on consumers.

"While we are pleased that many everyday products such as clothing and shoes are not on the list, we remain concerned that other goods such as consumer electronics and home appliances are targets," National Retail Federation President and CEO Matthew Shay said on Tuesday.

Trump has so far dismissed these concerns, tweeting that a trade war would be "easy to win" for the United States.