Post Tagged with: "GOP"

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

From Reuters WASHINGTON (Reuters) – A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses concerned about economic damage from a new front in President Donald Trump’s trade wars. Adviser Peter Navarro told CNN that Trump’s threatened tariffs, due to come into force next week, might not be needed because the United States now has “the Mexicans’ attention” on stemming illegal immigration. Frustrated by the lack of progress on a signature issue from his 2016 election campaign, Trump unexpectedly told Mexico last week to take a harder line on curbing illegal immigration or face 5% tariffs on all its exports to the United States, rising to as much as 25% later in the year. Mexican officials will seek to persuade the White House in talks[Read More…]

GOP Sees Iran Deal as a Threat to U.S. Oil

GOP Sees Iran Deal as a Threat to U.S. Oil

Iran deal threatens U.S. energy security – Senator John Hoeven The chair of the Senate Committee on Homeland Security, Senator John Hoeven (R-ND), released a video ahead of President Obama’s State of the Union address saying that the Iran nuclear deal is a threat to U.S. energy security. “As a consequence of President Obama’s nuclear agreement with Iran, this state sponsor of terrorism will now be able to increase its oil exports at a moment when our moderate Sunni allies, and their partners, feel increasingly threatened by Iranian belligerents,” said Hoeven in a release. “As a result, Saudi Arabia has opened the spigot to maintain its own level of export.” Hoeven advocated taking “proactive steps” so that the U.S. oil and gas industry can continue to grow. A global battle to determine who will produce oil and gas in the world “Make no mistake, we are locked in a global battle[Read More…]

January 11, 2016 - 6:24 pm Closing Bell Story, International, Oil and Gas 360 Articles