Tariffs to Pay for Tax Cuts? Not So Fast, Says GOP in Congress

Republicans in Congress aren’t sold on offsetting some tax breaks with tariffs, a cornerstone of former President Donald Trump’s economic plan.

The Republican candidate for a second term in office has threatened blanket tariffs on imports, generating money to help offset an estimated $4.6 trillion full extension of the 2017 tax law he signed. GOP lawmakers are doubtful that sweeping duties could solve their deficit-spending woes without major economic repercussions.

“I don’t know that we want to just carte blanche go look at adding tariffs as a way to increase revenue, because it’s going to add up and affect that ...