Top Democrat Proposes Resolution to Curb Trump's Tariffs
Top Democrat Proposes Resolution to Curb Trump's Tariffs
Tariffs are a significant concern as Sen. Ron Wyden (Ore.), the top Democrat on the Senate Finance Committee, unveils a resolution aimed at curbing President Trump's latest tariff actions. During a recent hearing, Wyden stated, "I’m proposing a new bipartisan privileged resolution to end the latest crop of global tariffs that are clobbering American families and small businesses." This initiative is a clarion call for Congress to step in and reign in the president’s trade authority.
Urgent Bipartisan Call to Action
Republicans and Democrats alike are showing mounting support to check the president's power concerning tariffs, especially as a new report from Goldman Sachs raises the probability of a U.S. recession to 45 percent amid concerns of an international trade war. Stock markets are already experiencing volatility as fears escalate.
- Trump's Defense: The president has defended his tariffs by claiming long-standing trade imbalances, notably emphasizing the trillion-dollar trade deficit with China.
- Urgent Trade Discussion: “We have to solve our trade deficit with China... Hundreds of billions of dollars a year we lose with China,
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