het zwaard schreef op 7 april 2025 17:41:
President Trump's tariff opponents on Capitol Hill are set to push back on multiple fronts this week as fears grow that a political landslide could be in the offing for the GOP if no change is made.
The pushback is likely to be felt from multiple directions, most notably from a bill that is gaining steam to reassert congressional authority and would give Congress the ability to veto presidential tariffs.
Trump's trade representative is also set to receive a grilling on two hearings before lawmakers.
It's unclear for now how much will extend beyond talk, with congressional leadership still loyal to the president. But Trump's White House is nevertheless confronting a notable break from key corners of his party — especially plains-state Republicans who could see the effects of tariffs most sharply.
The most prominent effort is a bill to rein in Trump that would require presidential tariffs to be approved by Congress or they will expire in 60 days.
The legislation is being championed by Congressman Don Bacon of Nebraska, among other key Republicans, such as Sen. Chuck Grassley of Iowa, Jerry Moran of Kansas, Lisa Murkowski of Alaska, and Mitch McConnell of Kentucky.
"If we continue to see the stock market go a certain direction or if we see inflation or unemployment shift in a bad way," Bacon said Sunday in a television appearance on CBS, "I think then this bill becomes a very viable bill."
The effort, according to Bacon, is set to be joined by more House supporters to be unveiled today.
But GOP leadership could stall or kill the effort entirely from even receiving a vote, with House Speaker Mike Johnson offering a message in a private call with his colleagues over the weekend that they should stick with the president, according to multiple reports Sunday.
And even amid the continued historic market sell-off, Trump remains publicly unmoved. He said Sunday night that markets may have to "take medicine" with additional comments Monday morning where he again pushed the Fed to lower rates and also coined a new term urging his GOP colleagues to "not be a PANICAN (A new party based on Weak and Stupid people!)."
Also this week, a top Trump trade official is likely to receive a public earful, with US trade representative Jamieson Greer set to appear before lawmakers first on Tuesday before the Senate Finance Committee and then again Wednesday before the House Ways and Means Committee.
Greer's first appointment on Tuesday will see him face questions from Grassley — the second-ranking Republican on the committee and a co-sponsor of the bill to reign in the president's authority — as well as others like Ron Wyden of Oregon who is the top-ranking Democrat and has already called Trump's tariff move "economic poison."
Bron: Yahoo finance