The GOP, for one of the first times in the second Trump era, is on the back foot politically and divided on how to respond.
Their press event comes a day after Trump announced his across-the-board tariffs on all U.S. trading partners.
“The average American family is going to pay more for everything: for food, for gas, for cars, for groceries, for clothing, for beer, for you name it.
Sen. Ron Wyden (D-Ore.), the top Democrat on the Senate Finance Committee, called Trump’s tariffs “economic poison” for farmers, families and small businesses.
The same day Trump’s new tariffs went into effect, the Senate passed a resolution disapproving of the tariffs he placed on Canada earlier this year, with four Republicans ― Sens.
So we will just absorb costs and become less profitable, and pay other people what we need to pay to get products forward.”.
He said the constant uncertainty around Trump’s tariffs is what makes it especially hard to prepare for financial pain ahead. »
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