Republican senators are raising alarms about President Trump's fluctuating tariffs on imports from Canada and Mexico, which threaten to affect various industries drastically. While Trump announced a set of tariffs, he then delayed their implementation and adjusted his strategy following feedback from key stakeholders, including U.S. automakers. Senators such as Rand Paul and Thom Tillis have voiced strong opposition, emphasizing the potential for increased costs to consumers and businesses, while John Kennedy echoed caution about the untested economic terrain created by these tariffs, pointing to uncertainties around inflation and market effects.
I'm gonna continue to argue against tariffs, Sen. Rand Paul (R-KY) told CNN on Thursday. Almost every industry in Kentucky has come to me and said, I will hurt our industry and push up prices of homes, cars, and so.
When we start losing, you back off. There's such a thing as strategic retreat, the senator replied. At the end of the day, I think we have more leverage than any other nation. But we gotta be smart.
I'm worried about the tariffs, he said. I'm not saying that tariffs are going to cause inflation. We just don't know and we're in very obscure territory.
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