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Congress may take tariff power - even the GOP is upset [1]
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Date: 2025-04-03
Grassley and Cantwell uniting Aaron Parnas Meidas Touch
Panic gripped global markets this morning as U.S. stock indexes plummeted in response to the escalating fallout from Donald Trump's controversial tariff policies. The economic tremors were amplified when auto giant Stellantis announced the temporary layoff of 900 employees and the shuttering of key operations in Canada and Mexico — a move directly linked to retaliatory tariffs and strained cross-border trade relationships. The immediate economic pain has sparked swift action on Capitol Hill. In a rare show of bipartisanship, Senators Chuck Grassley (R-IA) and Maria Cantwell (D-WA) unveiled new legislation just minutes ago that would require congressional approval for any new tariffs imposed by the executive branch. The bill represents a dramatic shift in congressional posture on trade, long dominated by executive discretion.
Yeah, a huge drop in stocks will get the attention even of Rs.
And the loss in Wisconsin and the underperformance of the GOP candidates in Florida shows that tRump’s grip is slipping.
This may be a way to stop these tariffs.
After all, we also had this:
x 🚨 51-48, Senate PASSES a measure to terminate Trump’s tariffs on Canada. Four Republicans join Democrats to deliver a rare rebuke to the president: Susan Collins Lisa Murkowski Rand Paul Mitch McConnell — Sahil Kapur (@sahilkapur.bsky.social) 2025-04-02T23:41:41.893Z
Anyway, some hope that some of the madness will be checked.
These times are so dark! And so dumb!
Oh, well.
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