COINOTAG News, April 8th – Recent developments reveal that the U.S. Republican Party is grappling with the ramifications of President Trump’s tariff policy. According to reports by Axios, certain Wall Street donors are voicing their discontent with key Republican lawmakers, indicating heightened tension over the impact of these tariffs on the U.S. economy.
President Trump remains unwavering in his stance, making it clear that he does not support any constraints on his ability to implement tariffs. In a show of resolve, he has expressed dissatisfaction with the legislation proposed by Senators Maria Cantwell and Chuck Grassley, warning of a potential veto that sends a strong signal to those within his party.
Senate Republican leader John Thune has remarked that he doubts the bill’s viability. While specific discussions between lawmakers and donors have not been disclosed, it is evident that concerns have escalated following three days of notable stock market volatility. Additionally, dissent within the party is apparent, with Senator Ted Cruz publicly condemning Trump’s tariff agenda as a burden on American consumers.