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Ron Wyden says the U.S. economy ‘has gone from the envy of the world to a laughingstock in less time than it took to finish March Madness’

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  • Senator Ron Widen expressed his frustration The motives behind President Donald Trump’s tariff are surrounded by “Tahrir’s Day”. He said that Trump and his advisers lack a “concept interpretation” to impose duties and wells that they continue to contradict with each other. Widin called on Congress to restore power in response to Trump’s approach to definitions.

Senator Ron Widen (D.-AORGON) criticized President Trump’s tariff, saying that the president had placed pension funds, investors and economics in the “antiseptic” without a clear motivation, after the multiple sale of days of trillions of the stock market ended.

Widan said during c The Senate Committee financing session Tuesday.

The so -called Trump’s “Tahrir Day” definitions entered into force last week before announcing 90 days stopped On Wednesday, he chose a 10 % global tariff, but especially by applying 125 % of the tariff to China. The stocks operated it over the past week on uncertainty, but the market since Wednesday afternoon Wednesday after Trump put the sharp mutual tariff on the ice.

Widan said that the impact of the sale had fell “the retirement funds for Americans, investors and our economy in the disinfectant, thanks to Donald Trump’s plan to take the definitions to unprecedented levels before the invention of cars.”

In the midst of the wave of definitions, Widan emerges from the lack of “concept interpretation” presented by Trump and his advisers in response to the duties.

“There is no clear message on how to define it, what they are supposed to accomplish, and the duration of the length in their place, whether they are a negotiating tool or a step to try to cut the United States from global trade and enter into a new era of protectionism similar to the seventies of the nineteenth century.”

He added: “In the few days that passed on his definitions, the president and his advisers changed their stories over and over all these questions.”

Last Thursday, Trump He said Correspondents, “The definitions give us great strength to negotiate. They always have.” The next day, Trump posted on the social truth that his definition.Here to stayAnd “and for him”Policies will never change

The trend continued to blur on Sunday when he told the director of the National Economic Council Kevin Haysit ABC News More than 50 countries have reached the White House to negotiate the definitions, and the Minister of Agriculture Brock Rollins He chanted CNN. But Trade Minister Howard Lootnick did not have the same opinion, and he told us CBS news These definitions will last for “days and weeks”.

“There can be a permanent tariff, and there can be negotiations as well,” Trump He said Journalists at the Oval Office on Tuesday, before selecting a 10 % low global tariff on Wednesday.

Wyden continued to question the plan, and return to a video of Trump’s participation Social truth from x Account, entitled AmericanPAPABEARThis president is The stock market is intentionally disrupted To compel the Federal Reserve Chairman Jerome Powell to reduce interest rates.

Widan said: “Is this the plan? For economics tanks so that the wealthy can borrow money at a cheap price,” Widan said. “Because we know that billionaires such as Howard Lottenic and semi -billionaires like Scott Payet will not mind paying more against groceries or gas.”

“It is a drop in the bucket for them.”

Widan said that the definitions will cost the ordinary American family $ 3800 in the first year, citing the results of Yale budget lab.

Weiden said: “Our country is inconsistent with Trump’s tariff, which is meaningless.” “The destruction of the foundations of our economy is not just a catastrophic for workers and families, but rather makes our people less safe.”

In addition, Wydeen emphasized the consequences of the American workforce due to definitions. He called for a temporary stellantis for more than more than 900 workersThe farmers in the northwest of the Pacific Ocean who cannot export their food, and small companies in Oregon, which will have to pay the costs of higher inputs to make their products. “The Americans will soon be poorer and face greater threats to our national security thanks to Donald Trump,” Widen worries.

Widan said: “The spray of Donald Trump’s tariff, which is not intended for the chaotic goal, has undoubtedly proven that Congress has given a lot of his constitutional authority over the international trade of the executive authority.” “It is time to restore this power.”

This story was originally shown on Fortune.com


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2025-04-10 11:05:00

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