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Paul Ryan Is 'Extremely Worried' About President Trump's Tariff Plan

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Paul Ryan Is 'Extremely Worried' About President Trump's Tariff Plan
But Donald Trump says he's "not backing down."
SHOW TRANSCRIPT

President Donald Trump says he's "not backing down" from his plans to impose tariffs on steel and aluminum imports after House Speaker Paul Ryan's office put out a statement that posed strong objections to the idea.

A spokesperson for Ryan said Monday: "We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan. The new tax reform law has boosted the economy and we certainly don’t want to jeopardize those gains."

Ryan's office questioned Trump's tariff plan last week, but its most recent statement takes a tougher tone.

A spokesperson said last week that Ryan hoped the president would "reconsider ... and look at other approaches."

Several other Republicans have also voiced their disapproval of the proposed tariffs.