Sen. Brian Schatz (D-Hawaii) said on Tuesday that he is taking seriously President-elect Trump’s threat to impose new tariffs against a trio of countries shortly after he is inaugurated in January, despite potential consternation among members of both sides of the aisle.
Trump rolled out his plan on Monday night to slap 25 percent tariffs on all goods entering the country from Mexico and Canada — two of the U.S.’s top trading partners — and an additional 10 percent tariff on Chinese goods, many of which are already under tariffs imposed during Trump's first term.
Schatz told reporters the Capitol that he is concerned that Trump’s plan would result in higher prices on goods for Americans and indicated that he is taking Trump’s comments seriously........