Manufacturers struggling to make long -term plans. Farmers who encounter retaliation from Chinese buyers. US households were loaded at higher prices.
Republican senators are afraid of the economic impact of the president’s comprehensive tariff strategy, which came into force on Wednesday, with these concerns and more.
At the Senate hearing and interviews with journalists this week, the suspicion of PresidentDonald Trump’sThe policies were unusual. While GOP deputies direct their concernsTrump’s assistants and consultants– Particularly US Trade Representative Jamieson Greer appeared on Tuesday before the Senate Finance Committee – a rare Republican break from a president they made a championship.
There was a reason for the deputies to worry about:The stock market is a variable somersaultFor days and economistsPlans can lead to stagnation.
“If this proves that it is wrong, who can I drown your throat?” Cumhuriyet Sen.Thom TillisHe told Greer that Trump has put pressure on an answer to be held responsible if there is an economic decline.
Tillis’s disappointment was the general tariff strategy that can potentially hamstring US manufacturers who are currently dependent on materials such as aluminum and steel from China. The province of North Carolina, which is ready to be re -elected next year, attracted thousands of foreign companies who want to invest in the manufacturing industries of the state.
The Republicans, who took care of passing through Trump, engaged in a delicate two steps, shifting to the presence of tariffs and then praised for the economic vision of the President. In the afternoon, in a Senate Floor speech, Tillis said that “the president has challenged other nations that have abused relations with the United States for decades, but continued to question who thinks in the White House in the White HouseEconomic Effects of Sweeper Tariffs.
Tillis allowed Trump’s trade strategy to still be effective, but he said it was a short window to show that it was worth the higher prices and layoffs to load workers.
Greer emphasized that the US negotiated with other countries to the committee, but that the trade deficit was decades and that it would not be solved overnight ”.
Republican Leaders at the CongressHe stressed that he needs time to implement Trump’s strategy as well as a large deputy. They often rejected Trump’s idea of controlling the tariff power, but it is clear that the rank and file republicans have increased what was ahead of us.
Oklahoma Republican Senator James Lankford said that it is a company that spends the production of parts from China to Vietnam from China to Vietnam. However, now Vietnam is facing upright tariffs, the business cannot proceed by negotiating with retailers.
Lankford printed Greer for a timeline for negotiations, but the trade representative said, ız We do not have a certain time schedule. The result is more important to us than to identify anything artificial. ”
Trade agreements between countries typically take months or even years, and often require the parties to walk around a number of legal, economic and business problems. Nevertheless, the Republicans said they were encouraged by indicators that Trump had entered into negotiations with other countries.
Montana Republican Senator Steve Daines said that he was “very encouraged a with the news of commercial negotiations at the committee, and suddenly attributed a tick up to the stock exchange to hopes that“ these tariffs are not just a purpose ”.
“I will be a consumer who pays these high tariffs. I am concerned about the inflationary effect. I am concerned that there is a trade war for American farmers, farmers and producers.”
Other GOP MPs claimed that the pain was worth carrying. Republican Ralph Norman from South Carolina, a member of the Conservative Caucasus, said the president was on the right path.
“Pain, but it will happen,” he said. “The President will make the right call. He’s doing the right thing.”
Nevertheless, traditional Republicans were looking for ways to return to Trump’s tariff plan.
Senator Chuck Grassley, a senior republican, brought a bilateral bill to give the Congress the authority to review and approve new tariffs, and the republican members in the Assembly were trying to get support for a similar bill. Such legislation will allow the Congress to reclaim some of its constitutional power over the tariff policy that was almost entirely completely delivered to the President through the legislation in the last decades.
However, the White House already stated that Trump will veto the bill and both the senate majority leader John Thunene, RS.D. Mike Johnson, Speaker of the Assembly, R-La.
Senator Markwayne Mullin, a republican close to Trump, said that the bill is a bad idea on social media because “Congress is moving at a turtle speed that makes a race.”
“The reason why the Congress gave this authority to start the presidency is the ability to return,” he added.
ButUncertain messages of the presidentThey also predicted the deputies trying to decipher which advisors and assistants had stopped in the White House.
A Louisiana Republican Senator John Kennedy said that the economy expectations were uncertain because he received a call from the business world in the state, as well as he had no answer for them. Kennedy said that communication of the President of the President often contradicts.
Kennedy said to journalists: orum When you are the richest country in the history of humanity, I do not think there is any way to double your tariffs in the world without a little shambolik or to double your tariffs. ” He said.
This story initially took part in Fortune.com
