Economics

Republicans Warn Trump a Trade War Risks Party’s Chances in November

  • Economic impact would fall heavily on Republican strongholds
  • Republicans face strong challenge in congressional elections
U.S.-China Business Council President John Frisbie discusses trade tariffs and who gets hurt from a trade war.(Source: Bloomberg)
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Republicans are warning President Donald Trump that a trade war with China would deal an economic blow to politically important areas of the country that will cost the party in November’s congressional elections.

The president’s proposed tariffs on a variety of imports are aimed at fulfilling a campaign promise to protect domestic industries slammed by globalization. But the impact of retaliation by China could drown out the GOP message that tax cuts are delivering prosperity, which the party is counting on to save their majorities in the House and Senate in what’s already a tough election year.