Democrats dislike the ‘chaos’ of Trump’s trade war, but ‘nobody on our side thinks zero tariffs ever’

Quick Summary:

"Tariffs are an important tool in our economic toolbox,” said Sen. Elizabeth Warren, D-Mass.

Their input costs are going to go up and their export markets are going to close down".Rep.Gwen Moore, D-Wis., said the tariffs would be “catastrophic” for urban and rural communities alike in her state.

But on Wednesday, he suspended most of the tariffs for 90 days while applying a baseline import tax of 10% to most nations, a 145% tariff on Chinese goods and a tariff of as much as 25% on Mexico and Canada.

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Article Details

Author / Journalist: Josh Boak, Matt Brown, The Associated Press

Category: EconomyBusiness

Markets: United StatesCanadaMexico

Topics: Democratic Party Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-12 @ 17:45:03 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 859 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 215 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27812421

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Official Website: fortune.com

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