President Trump is confronted with pushback from some Maga fellow people while he is preparing to impose new rates on goods from other countries in what he calls 'Liberation Day' on 2 April.
American shares fell dramatically when the markets opened on Monday, because the sale all over the world continues while investors are bracing for the last action of the president in the escalating trade war.
Republican legislators expressed his concern for the deadline on Wednesday.
That is when the president is expected to impose mutual dollar-for-dollar rates on countries that raise duties on American goods.
Senator Rand Paul van Kentucky has led the vocal Gopposition against Trump's tariff plans.
“I think rates are bad for every country, and I think they would be bad for America, and I think it will hurt us economically,” Said Paul during an interview with radio presenter John Catsimatidis on WABC 770 AM's “The Cats Roundtable.”
'International trade since the Second World War has made us phenomenally rich. President Trump paints it in a different way, “Paul explained on Sunday.
“He says:” We are benefited from, “says Paul. 'But I very disagree because the trade has made us so rich and has made the world a better place. The more we act, I think the less we fight. '
Senator Rand Paul has been a leading critics of the president's rate policy while the trade war escalates
Paul noted that the car manufacturers and the bourbon industry are opposed to the rates.
Other Republican legislators were less willing to criticize the president directly for his announcement, but expressed their concern about how long rates would last and therefore the impact on their states.
Montana congress Ryan Zinke went to CNN on Monday and said that rates represent a change in American policy.
“Montana is hit more than anyone else,” he said and noticed that the state is a narrow trading partner with Canada, because 86 percent of his trade with neighboring country is in the north.
The conference member did not cut the president's plans like Paul, but he said he hopes that the rates are 'short term' and while the US is less dependent.
“I would prefer short -term rates and then profit for America in the longer term,” Zinke said.
The legislator of Montana said that what Trump brings is 'uncertainty'. He suggested that if the result is 'an extra burden, longer term, I think there will be pushback' and that if it extends in the summer, he believes it will be problematic.
Trump spoke with reporters on Air Force One on Sunday, March 30, indicated that mutual rates announced at his 'Liberation Day' all countries, not only 10 to 15 top trading partners
Although Trump has threatened the rates and has poured the markets into turmoil, it is not clear what the rates will include or whether there will be exemptions.
The president said that the mutual rates will affect all countries, not only the top ten of fifteen trading partners, when he spoke with reporters on Air Force One on Sunday.
“There are many countries,” he said, indicating that it would be a much radical announcement that goes beyond some officials.
Trump administration officials insist that the rates will help Americans.
But in a letter to the Trump government prior to the deadline, the International Fresh Produce Association (IFPA) warned that rates would increase the costs of fresh fruit and vegetables and insist an exemption.
Goldman Sachs economists estimate that higher rates are likely to increase consumer prices prior to the announcement and its inflation forecast of year-on-year increased to 3.5 percent.
New poll this week from CBS News showed that Americans believe that the Trump government is not sufficient focus on reducing prices.
64 percent said there was not enough focus on it, while another 55 percent said that the administration focused too much on rates.
There has also been a reversal in how Americans believe that Trump policy will affect them financially.
In January, 42 percent believed that his policy would make them financially better. Now that only 23 percent see that his policy will make them better, while 42 percent believe that his policy will make them financially worse.
