Utah Sen. Orrin Hatch says history has demonstrated repeatedly that consumers ultimately bear the burden of tariffs.<\/b>
\nWASHINGTON \u2014 The Republican chairman of the Senate Finance Committee is telling President Donald Trump he\u2019s concerned that proposed tariffs on steel and aluminum imports would \u201cundermine\u201d the tax cuts Congress recently passed.
Sen. Orrin Hatch, R-Utah, says history has demonstrated repeatedly that consumers ultimately bear the burden of tariffs.
Hatch says in a letter to Trump he supports the president\u2019s goal of targeting foreign countries that don\u2019t compete fairly in trade. However, he believes the proposed tariffs would miss those countries and \u201cwould hit American businesses and families instead.\u201d
The Senate Finance Committee has jurisdiction over international trade issues.
Hatch tells the president he looks forward to working with him on trade. He urges Trump to refocus efforts on opening overseas markets without imposing \u201charmful and unnecessary tax increases\u201d on Americans.
A major aluminum trade group is telling the that it\u2019s \u201cdeeply concerned\u201d about the effects of global tariffs on aluminum production.
The Aluminum Association says it represents 114 member companies and more than 700,000 U. S. jobs. The group says in a letter to Trump that the administration should address a glut of Chinese aluminum and target China and other countries that have a history of circumventing trade rules. The trade group also wants the Trump administration to exempt vital trading partners such as Canada and the European Union.
Mexico\u2019s economy secretary says his country might impose retaliatory tariffs on \u201cpolitically sensitive\u201d U. S. products if the United States doesn\u2019t exempt Mexico from worldwide duties on steel and aluminum.
Alfonso Guajardo told the Televisa network on Tuesday that \u201cwhat we would have to do is set up a response on those export goods that are the most politically sensitive, and target those goods in particular.\u201d He did not give examples.
In the past, Mexico has sometimes slapped retaliatory tariffs on U. S. products from states that could influence the U. S. president in turn.<\/p>\n

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