Transition Official: Cnn Thursday and Washington Players

transition official: Incoming White House Chief of Staff Reince Priebus floated a 5% tariff on imports in meetings with key Washington players last week, according to two sources who represent business interests in Washington, according to CNN. But the senior transition official who spoke to CNN Thursday on the condition of anonymity said the higher figure is now in play. A senior Trump transition official said Thursday the team is mulling up to a 10% tariff aimed at spurring US manufacturing, which could be implemented via executive action or as part of a sweeping tax reform package they would push through Congress. Such a move would deliver on Trump's America First campaign theme, but risks drawing the US into a trade war with other countries and driving up the cost of consumer goods in the US. And it's causing alarm among business interests and the pro-trade Republican establishment. Read More Aides to Ryan and Brady declined to say they had common ground with Trump, but acknowledged they are in deep discussions with transition staffers on the issue. The senior transition official said the transition team is beginning to find common ground with House Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady, pointing in particular to the border adjustment tax measure included in House Republicans' Better Way tax reform proposal, which would disincentivize imports through tax policy. (news.financializer.com). As reported in the news.