In the meantime, prominent voices against the radical customs policy of Donald Trump will also be louder in the United States. In addition to technical billionaire Elon Musk and renowned scientists, even politicians from Trump’s party are the rebellion.
According to the agreed American media reports, seven Republican senators, including Senate-Special Pro Tempore Chuck Grassley (Iowa) and Mitch McConnell (Kentucky), former Republican Boss in the Senate, are already confronted with the radical customs policy of their president.
Senators want a new law
Accordingly, you have signed a non-party bill that stipulates that the American congress should approve the rates in the future.
Ted Cruz, the Republican Senator from Texas, even warned that the Republicans will experience a “massacre” in the intervening elections of 2026 if Trump’s rates cause a recession.
The US economy has pressed Trump’s customs policy
The critical senators receive support from renowned economic experts. The renowned economist Kenneth Rogoff of Harvard University, former chef economist of the International Monetary Fund, criticized the newspaper “Bild” that developed Trump’s politics “into the worst economic experiment in the post-war period”.
If Trump had only introduced 10 percent rates for everyone, it would be a bad idea, but not the end of the world, says Rogoff. Now the future of the United States has become “chaotic and unpredictable”.
Warning for breaking with long -standing trading partners
Jamie Dimon, head of the largest US Bank JPMorgan, also warned about the fall of company profits, rising prices for American consumers and a break with long -term trading partners. “My most serious care is how this influences the long -term economic alliances,” Dimon wrote to the shareholders in his annual letter.
The American fund manager and billionaire Bill Ackman, who had still supported Trump in the election campaign, said particularly sharply. He accused the president in a whole series of reports to X to start a “nuclear war against every country in the world”.
Musk also distances itself from Trump
Even Trump’s nearest ally Elon Musk is becoming more and more a distance. According to the report “Washington Post”, the technical billionaire tried in vain to convince Trump for a U-turn in the far-reaching import duties.
Musk, who became a great donor and ally for Trump, had criticized the business consultant Peter Navarro of X Trump. On Monday, a video also shared the benefits of world trade using the example of the supply chains at a pencil. And Musk’s brother Kimbal loved Trump of a “permanent tax” for us consumers with the rates.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
