Trump’s tariffs will empower China and impoverish America – WaExaminer
“Trump’s actions will make the vast majority of Americans and citizens of other nations poorer. These tariffs will also provide a critical, if indirect, boost to the Chinese Communist Party’s hegemonic aspirations. The reason tariffs of this scale haven’t been attempted for a century is not, as Trump suggests, because all his recent predecessors were idiots. Rather, it is because these tariffs are themselves idiotic.”
‘We’ve made a mistake’: Trump’s trade war sends GOP into frenzy – msn/Raw Story
“The tariffs have some Senate Republicans publicly complaining. That’s new. While a mere four Senate Republicans voted against Trump’s Canadian tariffs Wednesday eve, that measure was largely symbolic. On paper, at least. In reality, there’s a crack in the facade. And some Senior Republicans — a number that will grow if the markets keep nose-diving and U.S. allies keep fuming — have had enough already and are vocally opposing Trump’s tariffs.
“Thursday, Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) dropped the Trade Review Act of 2025. It claws back power — transferring some of Trump’s current trade authorities back to the legislative branch — to where the nation’s founders wanted it, with Congress. Senate Republicans are now openly discussing it.”
Question: Do the president’s tariffs create an opportunity for profiteering by the wealthy and powerful?
Stock prices are now diving in response to new across-the-board US tariffs. The president has said that his tariff policy will force other countries to negotiate more balanced trade agreements with the US. As the anticipated negotiations unfold, stock prices may stop falling, creating a buying opportunity for investors. Those closest to the White House are best positioned to have access to inside information. Run-of-the-mill Americans holding stock in retirement accounts will be many steps behind. This asymmetry of information could result in more wealth inequality.