Trump’s Tariff Whiplash Leaves Allies & Supporters on Edge
U.S. President Donald Trump’s latest tariff pivot—a sudden 90-day pause on hikes for affected countries—has left Wall Street, Silicon Valley, and even his MAGA base reeling. Following a sharp stock market decline, Trump slashed tariffs to 10% for ongoing negotiations, calling critics “yippy and afraid.” But the move has shaken trust among longtime allies, sparking rare GOP pushback.
Wall Street to MAGA: Tariff Anxiety Spreads
Elon Musk and other Silicon Valley tycoons aren’t the only ones sweating. Congressional Republicans like Ted Cruz slammed tariffs as “a tax on consumers,” warning of inflation and job losses. Rand Paul criticized invoking “national emergency” over trade deficits, while a bipartisan bill aims to curb Trump’s tariff powers—drawing veto threats from the White House. Even Mitch McConnell joined Democrats to block tariffs on Canada, a historic rebuke.
Will Tariffs Derail the Economy?
Trump’s team insists the strategy forces trading partners to lower their rates. But critics warn prolonged tariffs could trigger a recession. As senators scramble to limit executive power, markets remain volatile. One thing’s clear: this trade war rollercoaster isn’t over yet.
