US media: Trump's tariffs are scaring Wall Street, and some donors are wooing Republican lawmakers to advise the president
2025-04-08 02:19:19
Republicans in the United States admit they are feeling the pressure from Trump's tariffs, as are their Wall Street patrons. After senators introduced bills to limit the president's ability to impose tariffs, Trump made it clear that he would not tolerate any restrictions on his ability to do so. But uneasy Republican donors hope that lawmakers can help convince the president that tariffs are destroying the economy. While lawmakers declined to disclose the specific donor conversations, their concerns are high after three days of stock market turmoil. Meanwhile, Republican senators have come out publicly to criticize Trump's tariffs, insisting that they are a tax on American consumers. (Jin Ten)
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