Here’s why Gary Cohn is giving up and Republican free traders are losing to Trump

Donald TrumpAP

  • Republicans in Congress don’t want President Donald Trump to implement new tariffs on aluminum and steel.
  • They can stop him from doing so, but they’re not.
  • And they likely won’t do anything, not wanting to set up a fight with Trump.

While we’re all talking about “Trump’s” tariff plan, I wrote on Monday that tariffs are fundamentally up to Congress.

The Constitution gives Congress the power to levy tariffs. The president only has any power to impose tariffs because Congress wrote laws giving him that power, and they can write new laws to constrain the power.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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