The President's global tariffs are set to fully take effect Wednesday, sparking a mix of international negotiations and domestic concerns.
WASHINGTON, DC - APRIL 01: U.S. Sen Thom Tillis speaks to reporters before the weekly Republican Senate policy luncheon at the U.S. Capitol on April 01, 2025 in Washington, DC. Senators spoke about the White House 's intended tariffs and taxes to be implemented.
. The administration claims the new fees are drawing countries to the negotiating table, while Republicans say they're hearing from nervous constituents. United States Trade Representative Jamieson Greer started off his two days of meetings on Capitol Hill with a hearing in front of the Senate Finance Committee. He told Senators the new tariff policy is yielding results. "Nearly 50 countries have approached me personally to discuss the president's new policy and explore how to achieve reciprocity. Our large and persistent trade deficit has been over 30 years in the making, and it will not be resolved overnight, but all of this is in the right direction," Greer said. The White House says upwards of 70 countries have called wanting to make a deal. World leaders are responding in various ways, with some agreeing to cut tariffs on certain products, while others have refrained from retaliatory measures. Some nations have promised to send delegations for in-person talks. The financial markets have experienced volatility since the tariff threats, with a slight rebound early on Tuesday that didn't last throughout the day. There have been major selloffs since the President's tariff announcement. Home Depot co-founder and major Republican donor Ken Langone is among the growing number of Republicans frustrated by the tariffs. He criticized the new levies in anwith the Financial Times, saying in part "I believe he’s been poorly advised by his advisers about this trade situation." Republican Senators also expressed some of their concerns during Greer's meeting, highlighting the anxiety among their constituents regarding financial futures. I hope you and the President are very sensitive about companies potentially going bankrupt by these actions," said Sen. Ron Johnson, R-Wisconsin.Because it’s a novel approach and needed to be thought outwhose throat do I get to choke if this proves to be wrong?" Sen. Tillis asked during the Tuesday hearing.Presidential Advisor Elon Musk and Trade Advisor Peter Navarro publicly clashing. Musk advocated for a zero-tariff situation between the U.S. and Europe, while Navarro criticized Musk and Tesla, labeling them as car assemblers rather than manufacturers. Muskon social media, calling Navarro a "moron." White House Press Secretary Karoline Leavitt brushed the spat off, saying "boys will be boys." The ongoing tariff debate with China remains a critical issue, as both nations continue to threaten additional fees. Beijing has vowed to "fight to the end" on the issue.
Politics Republicans Negotiations America's News Now Nation & World Trade Top Videos White House China Senate Root Station Share Financial Markets Tariffs
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Arizona prisoner whose execution is coming up isn't asking for a reprieveA prisoner scheduled to be executed in what would be Arizona’s first use of the death penalty in over two years will not ask for a reprieve from his death sentence. Aaron Brian Gunches is not expected to participate in a hearing Monday before the Arizona Board of Executive Clemency.
Read more »
President Trump comforts mother whose son died of fentanyl poisoning: ‘Up there watching you’President Donald Trump comforted a mother whose son died from fentanyl poisoning, telling her, “He’s up there watching you' and “he’s so proud of mom.'
Read more »
Protesters say Ohio's US Senators are not accessible, Senators' teams say otherwiseWith two new U.S. senators from Ohio, Bernie Moreno and Jon Husted, constituents said they feel communication is lacking.
Read more »
Protesters say Ohio's US Senators are not accessible, Senators' teams say otherwiseWith two new U.S. senators from Ohio, Bernie Moreno and Jon Husted, constituents said they feel communication is lacking.
Read more »
Seven GOP Establishment Senators Anonymously Attack Vice President VanceSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Senators question tariffs: 'Whose throat do I get to choke if this proves to be wrong?'The President's global tariffs are set to fully take effect Wednesday, sparking a mix of international negotiations and domestic concerns.
Read more »