On Wednesday the Senate approved a symbolic motion backing a role for Congress in requiring tariffs based on national security, such as those President Trump imposed on steel and aluminum imports and is contemplating on autos.
“For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition,” Trade Representative Robert Lighthizer said. “China has not changed its behavior."
"The actual tariff is not a big problem to companies planning for their future,” said Nobel laureate Christopher Pissarides, who teaches at the London School of Economics. "The problem is that you don’t know what’s coming next."