The Latest: GOP Senate chairman warns Trump on tariffs
WASHINGTON (AP) — The Latest on President Donald Trump's new tariffs on imports of steel and aluminum (all times local):
2:30 p.m.
The Republican chairman of the Senate Finance Committee is telling President Donald Trump he's concerned that proposed tariffs on steel and aluminum imports would "undermine" the tax cuts Congress recently passed.
Sen. Orrin Hatch, R-Utah, says history has demonstrated repeatedly that consumers ultimately bear the burden of tariffs.
Hatch says in a letter to Trump he supports the president's goal of targeting foreign countries that don't compete fairly in trade. However, he believes the proposed tariffs would miss those countries and "would hit American businesses and families instead.