Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 13, 2018

Flake Blasts Trump on Trade Strategy and NATO

(Bloomberg) -- Senator Jeff Flake delivered a blistering attack on President Donald Trump's trade policy and approach to U.S. allies, saying he's “baffled" that fellow Republicans aren't pushing back harder against him on tariffs and accusing the president of undermining longstanding American relationships.

"Protectionism is something he's come back to like a homing pigeon," Flake told reporters at the Capitol. "There are very few principles that he sticks with and that's one of them."

He predicted Congress eventually will act to rein in the president's authority on trade.

Trump has announced tariffs on steel and aluminum imports, and this week said his administration would impose a new round of 10 percent tariffs on $200 billion worth of Chinese goods as part of an escalating dispute with China over intellectual property and trade policy.

Flake of Arizona isn't seeking re-election this year, and he's become increasingly critical of Trump, who in turn has taunted him as someone who couldn't win another term.

In a speech on the Senate floor Thursday, the senator also blasted Trump's insults and accusations against allies during a summit of the North Atlantic Treaty Organization.

“Sometimes if I didn't know better, I might say that we are purposefully trying to destabilize the Western alliance and turn the world upside down," Flake said.

Flake told reporters he disagrees with his colleagues who've wanted to give Trump a bit more leash on trade in hopes of getting a better deal in trade talks. He predicted that within a month or so lawmakers will agree on a binding measure to block some tariffs sought by Trump. The president has based recent tariff actions on a need to protect national security.

"We have the power to stop him," Flake said.

Flake said the effects of a trade war could be long-term as China and other countries start buying products like soybeans and manufacturing supplies from other countries with long-term contracts.

"Everybody who's gone to the White House and come back detects no strategy there at all. None," Flake said. "It's just, basically, throw at the wall and see what happens."

--With assistance from Laura Litvan.

To contact the reporter on this story: Steven T. Dennis in Washington at sdennis17@bloomberg.net

To contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Laurie Asséo

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search