Trump Prepares to Formalize Tariffs but Floats Exemptions

 In U.S.

On Wednesday, 107 Republican members of the House of Representatives sent a letter to the president expressing concern about broad tariffs and calling for him to focus any action on unfair trading partners, like China.

“We are committed to acting with you and our trading partners on meaningful and effective action,” the letter said. “But we urge you to reconsider the idea of broad tariffs to avoid unintended negative consequences.”

The administration began talking more openly on Wednesday about exemptions for countries that satisfy certain conditions, backing away from the bazookalike approach Mr. Trump announced last Thursday in a hastily arranged meeting with steel and aluminum executives.

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