Donald Trump is famous for his blunt and straight forward statements, but he has also taken some decision which has shocked everyone. One of such arrangements is bringing new tariffs on business corporations also now some Republicans are really about his choices. Accordingly, Senate Republicans have pleaded trump to not extra taxes on foreign automakers which could lead country into recession. Trump is already thinking about bringing more traffic on Steel and Aluminium products plus he wants to impose potential tariffs on automakers also. Trump’s target is to stop Chinese companies which are doing nothing but profiting from US soil.
However, this decision of putting too much taxes is not right for the country according to Republicans who are worried about upcoming 2020 elections. Trump has always been a criticizing those companies who are not agreeing with his terms and conditions because recently he threatened General Motors after automaking company decided to shut down its major manufacturing plants in North America.
Many automaking companies are going through a tough phase because they are not able to book profit which they have anticipated. Now to stop Chinese companies, Trump has decided to increase tariffs on many goods which is making hard for all those retailers who are depended on Chinese products.
The current trade war is hurting both countries equally, but now some Republicans are worried about its consequences in the upcoming election of 2020. Some political experts are predicting a good outcome for Donald Trump even after going through a controversial phase. Some big corporations are not happy with Trump since they have to pay a considerable amount to domestic taxes plus they are suffering severely because of an ongoing trade war. Many techs, automaking companies are not performing well from last few days because of which some are predicting that US might hit a recession in upcoming years.