US President Trump posts "Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries!"
Newsquawk Staff ·
Full post: "Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries! Our Trade Deficit has been reduced by 78%, the Dow Jones has just hit 50,000, and the S&P, 7,000, all Numbers that were considered IMPOSSIBLE just one year ago. In addition, TARIFFS have given us Great National Security because the mere mention of the word has Countries agreeing to our strongest wishes. TARIFFS have given us Economic and National Security, and no Republican should be responsible for destroying this privilege. PRESIDENT DONALD J. TRUMP"
What it means
Trump's warning to Republicans against opposing tariffs underscores a significant political risk tied to trade policy leading into the election cycle. This rhetoric may heighten tensions around trade negotiations, potentially influencing currency movements and market sentiment, particularly in commodities and equities. Traders should watch for impacts on risk assets and safe havens as uncertainty around U.S. trade policy unfolds.
Sources
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip
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