Kevin McCarthy

Trump's tariff plan hits a hurdle: Congressional Republicans

Trump's tariff plan hits a hurdle: Congressional Republicans

President-elect Donald Trump's plan to use steep tariffs to punish companies that move overseas is running into an obstacle: Congressional Republicans.

House Majority Leader Kevin McCarthy warned Monday that such an approach could cause a trade war. A better way to achieve the goal of keeping companies in the U.S. and growing jobs would be to rewrite the tax code and lower corporate rates, McCarthy said.

"I think that's a better way of solving the problem than getting into a trade war with a 35 percent tariff," the California Republican told reporters at the Capitol. "We've got to have a level playing field, that companies in America can compete on a level...

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