MEMPHIS, TN (WMC) - A Republican Senator from Tennessee said President Donald Trump's steel and aluminum tariffs are in essence "higher taxes on American consumers."
Trump announced Thursday he'd be implementing new tariffs on steel and aluminum imports from Europe, Mexico, and Canada.
Europe and Mexico pledged to retaliate quickly, exacerbating trans-Atlantic and North American trade tensions. Financial markets fell amid fears of a trade war.
Sen. Lamar Alexander (R-Tennessee) released the following statement critical of his party leader's decision:
Sen. Bob Corker (R-Tennessee) also released a statement on the tariffs: