Shortly after President Trump imposed new tariffs on various countries, bipartisan concerns grew in Congress about the economic impact that could follow, including increased consumer prices and destabilized global markets. Democrats criticized the tariffs as reckless, with Senator Adam Schiff highlighting the potential for a significant economic downturn. Despite this, a small number of Republicans also expressed their discontent, though the majority remained supportive. The immediate reaction saw a notable sell-off in stock markets and fears of further retaliation by other nations, prompting a pushback against Trump's trade policy within the GOP, albeit limited.
This is uncoordinated, capricious and simply destructive, Sen. Adam Schiff, a California Democrat, told TIME Thursday morning. He's going to tank our economy, and he could tank much of the economy around the world.
Republican Sens. Mitch McConnell, Lisa Murkowski, Susan Collins, and Rand Paul voted with all Democrats to invalidate a national emergency that Trump declared in February that allowed him to impose 25% tariffs on Canadian goods.
Collection
[
|
...
]