[Congressional Record Volume 164, Number 94 (Thursday, June 7, 2018)]
[Senate]
[Page S3274]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Tariffs
Mr. FLAKE. Mr. President, I rise to sound the alarm about the
President's decision to impose steep tariffs on our trading partners.
Make no mistake, we are not, as some administration officials have
suggested, in the leisurely early innings of a baseball game. We are in
the nascent stages of a full-scale trade war. Despite the President's
statement that this war will be easily won, any student of history
knows that unlike a baseball game, in which a winner is guaranteed, a
trade war only guarantees there will be losers.
Free trade allows the most efficient allocation of labor and capital.
Protectionism, on the other hand, stifles innovation and reduces
productivity. Recognition of this philosophy has been as close to a
consensus as this body has achieved in more than 70 years, and the
application of these principles has provided the foundation for growth
and prosperity that was unimagined by previous generations.
If tariffs aimed at our adversaries produce disastrous results, what
will happen when we target our allies?
Imagine claiming that imports from Canada represent a national
security threat. Well, that is exactly what we are doing. Canada is our
largest trading partner--a trading partner, coincidentally, with whom
we enjoy a trade surplus. Just yesterday, we learned of a phone call in
which Canadian Prime Minister Justin Trudeau challenged the President's
use of national security as a justification for levying tariffs against
a steadfast ally. These new tariffs imposed on our allies will not and
are not going unanswered. A number of them have already introduced
retaliatory measures.
In March, when the tariffs on steel and aluminum were first
announced, I proposed legislation to block their implementation.
Yesterday, I joined with a bipartisan group of Senators, led by Senator
Corker, in introducing legislation to rein in the President's use of
section 232 of the Trade Expansion Act of 1962 to justify protectionist
measures. This bipartisan group includes Senators from coast to coast
and from across the political spectrum.
The Constitution grants Congress the preeminent role in regulating
trade and tariffs. Congress must show leadership on this issue. We are
elected to be leaders, not followers here. It is not our charge to just
go along because the President shares our party affiliation, to throw
out our long-held beliefs just because they might complicate our
political standing.