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Mainstream economists have consistently found that tariffs raise prices for American consumers and companies, including domestic manufacturers who import materials to turn into final products.
From The New York Times
A growing number of Republicans are signing onto bills that would rebuke Trump’s tariff strategy, and some are anxious about the lack of direction from the administration.
From Politico
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The tariffs announced Wednesday, however, introduce a political problem of an entirely different magnitude for Mr. Trump and his party. No party or politician is recession proof. Historically, even truly dominant political parties have suffered enormous political defeats during major economic downturns.
Rep. Don Bacon is set to introduce legislation in the House on Monday that would give Congress more control over tariffs, as some Senate Republicans have backed that chamber’s version of the bill.
Stewart cares about the core crisis of the U.S. economy: It has left the working class behind. Trump only pretends he cares about those workers, his voters. He's tricking them for reasons that are subject to wild speculation, all of them related to power and money.
Alabama Republicans cheered President Donald Trump and his agenda at a GOP party the day he imposed tariffs and sent stock markets tumbling worldwide
Representative Don Bacon is expected to introduce a companion bill from Senators Grassley and Cantwell in an effort to return tariff authority to Congress.
The price for Americans could be hefty if Trump’s tariffs stay in place and Congress doesn’t manage to extend his hallmark 2017 tax cuts.
CLEBURNE, Texas — For more than 50 years, Congressman Roger Williams, R-Cleburne, has run a family-owned car dealership. So, he has more perspective about the 25% automobile tariffs than most lawmakers.
Many GOP lawmakers say they trust President Trump, but hope the recent stock-market turbulence is short-lived.