Despite fears – Republicans unlikely to stop tariffs
Several Republicans in the US Congress have expressed concerns and dissatisfaction with Donald Trump's tariffs. But there is little indication that they will act to stop them even if they have the power to do so, writes Politico.
– I think most on our side are very willing to give the president time, says Republican Senator John Boozman, for example.
Wisconsin Senator Ron Johnson notes that Congress under Trump has given up a lot of its power to the president. He is not against starting to take it back in the long run.
– But we are not there right now, he says.
An anonymous source within the Republicans says that it will be several months at the very least before anyone seriously tries to act, despite criticism from the outside world and the major stock market falls.
– Everyone is terrified, but I don't think anyone wants to go against the president right now.
Trump's tariffs could hit the US arms industry
Donald Trump's extensive tariffs risk hitting the US arms industry, reports Politico. The tariffs risk disrupting international supply chains that the Pentagon has worked to build for decades.
The weapons could become more expensive to produce, while international cooperation, such as the submarine project between the US, the UK and Australia, risks being hampered.
Several experts Politico spoke to warn that other countries may try to seek partners other than the US because of the tariffs.
Several Republicans in the US Congress have expressed concerns and dissatisfaction with Donald Trump's tariffs. But there is little indication that they will act to stop them even if they have the power to do so, writes Politico.
– I think most on our side are very willing to give the president time, says Republican Senator John Boozman, for example.
Wisconsin Senator Ron Johnson notes that Congress under Trump has given up a lot of its power to the president. He is not against starting to take it back in the long run.
– But we are not there right now, he says.
An anonymous source within the Republicans says that it will be several months at the very least before anyone seriously tries to act, despite criticism from the outside world and the major stock market falls.
– Everyone is terrified, but I don't think anyone wants to go against the president right now.
Trump's tariffs could hit the US arms industry
Donald Trump's extensive tariffs risk hitting the US arms industry, reports Politico. The tariffs risk disrupting international supply chains that the Pentagon has worked to build for decades.
The weapons could become more expensive to produce, while international cooperation, such as the submarine project between the US, the UK and Australia, risks being hampered.
Several experts Politico spoke to warn that other countries may try to seek partners other than the US because of the tariffs.
China introduces heavy counter-tariffs on all US goods – stock market plummets
China will introduce tariffs of 34 percent on all goods from the US starting April 10. This is reported by Chinese media.
The announcement comes after US President Donald Trump announced tariffs of 34 percent on China on Wednesday, pushing the total tariffs against China to around 60 percent.
Shortly after China's announcement, the large-cap index fell to minus 3.5 percent.
China will introduce tariffs of 34 percent on all goods from the US starting April 10. This is reported by Chinese media.
The announcement comes after US President Donald Trump announced tariffs of 34 percent on China on Wednesday, pushing the total tariffs against China to around 60 percent.
Shortly after China's announcement, the large-cap index fell to minus 3.5 percent.
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