‘Prices Are Gonna Come Up’: GOP Not Loving Donald Trump’s Tariff ‘Liberation Day’
HuffPost
The president is planning a big bash where he’ll announce a new round of tariffs. Republicans fear it’ll cause more pain.
WASHINGTON – President Donald Trump has dubbed April 2 “Liberation Day,” promising to unveil a new round of aggressive tariffs on Wednesday, which he claims will free the U.S. from its reliance on foreign goods and bring hundreds of billions of dollars to the government.
But many congressional Republicans aren’t feeling very excited about being liberated. Like most economists, they worry about the negative effects of imposing across-the-board taxes on imports from other countries, fearing they will hike prices for their constituents and wreck the economy.
“Probably not,” Sen. Ron Johnson (R-Wis.) said when asked if he’ll be joining in Trump’s celebrations. “It’s a high-risk move on his part. I don’t know what his strategy is, but look at what the market’s reaction is. I have a similar reaction. I’m concerned.”
Other Republicans said they weren’t planning anything special for“Liberation Day.”
“Every day is a reason for celebration,” Sen. Thom Tillis (R-N.C.) deadpanned.
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