Senator John Kennedy of Louisiana recently conveyed his discontent regarding the current state of the stock market, which he attributes to the aftermath of President Donald Trump's aggressive tariff policies. In an interview with Fox News, Kennedy emphasized the significance of the stock market, pointing out the financial stakes for millions of Americans. He stated that the situation is “not good” and expressed hope for a recovery, yet recognized the need to reassess if conditions do not improve.
Kennedy's remarks reflect a growing unease among a small but increasing number of Republican lawmakers who are beginning to challenge Trump’s handling of tariffs. Wisconsin Senator Ron Johnson, a longtime supporter of Trump, discussed the significant risks associated with the tariffs on NPR, suggesting that the consequences might be severe. He highlighted concerns for Wisconsin’s economy, particularly for its manufacturing and agricultural sectors, asserting that he is worried despite giving Trump the benefit of the doubt for now.
In a proactive move, Iowa Senator Chuck Grassley has collaborated with Washington Senator Maria Cantwell to introduce legislation aimed at reclaiming congressional authority over tariff decisions from the executive branch. This proposed bill, which requires the president to inform Congress about any tariff impositions within a 48-hour window and seeks explicit approval from Congress within 60 days, represents a significant pushback against unfettered presidential powers. Grassley criticized the longstanding practice of Congress relinquishing its authority, calling for a return to legislative oversight.
Additionally, four Republican senators recently aligned to vote on a resolution that seeks to nullify the national emergency Trump declared to impose tariffs on Canadian imports. This marked a key moment of dissent within the Senate, signaling a notable break with the President since his second term began. The gathering of opposition from within the Republican ranks underscores the increasing concern over Trump's tariff measures and their broader economic implications.
5 Comments
Karamba
Where's the evidence that the tariffs are the primary cause? Conveniently ignoring other factors.
Rotfront
Kennedy is just fear-mongering. The market dips are natural fluctuations, not a result of Trump's policies. Media loves to blame.
Matzomaster
This is a good call on the part of Senator Kennedy this is how it starts one person at a time.
Rotfront
The left is manipulating the market for their own gain this is why they are mad the tariffs are trying to level the playing field.
Matzomaster
John Kennedy is right! The market is suffering, and it's directly linked to these tariffs. The numbers don't lie.