Synopsis
Former US Vice President Mike Pence expresses concerns regarding the White House's tariff imposition on foreign countries, labeling it a misstep. Other Republican figures also criticize this policy, highlighting potential risks for the economy and the midterm elections.Key Takeaways
- Mike Pence criticizes tariff imposition.
- Concerns about Republican risks in midterms.
- Ted Cruz calls tariffs a tax on consumers.
- Long-term tariffs could hurt the economy.
- Rand Paul urges Congress to reclaim tariff authority.
Washington, April 13 (NationPress) Former US Vice President Mike Pence has expressed worries regarding the White House's decision to impose tariffs on foreign nations and certain industries, labeling it a 'misstep'.
Pence, who held the vice presidency during Donald Trump's initial term, remarked in a recent interview with The Hill that the Trump administration's assertive use of tariffs “poses a potential risk” for Republicans in the upcoming midterm elections. This comes despite his retreat from some of the most severe tariffs placed on allies, as reported by Xinhua news agency.
He is not the only notable Republican to criticize the tariff strategy. Previously, Trump's tariff policy has faced backlash from several Republican lawmakers.
Texas Republican Senator Ted Cruz conveyed to Fox News that tariffs are fundamentally a tax on consumers, and he is against significantly increasing taxes on American citizens.
On his podcast, Cruz mentioned that if the government could utilize this policy to swiftly compel other countries to reduce their tariffs, it would be advantageous. However, if this approach is maintained over the long term, it could lead to heightened inflation, hinder job growth, and possibly result in a recession within the US economy.
Kentucky Republican Senator Rand Paul also voiced his disapproval of Trump in a recent Senate address, opposing the rationale of tariffs under the guise of a 'national emergency' stemming from trade deficits.
Paul stressed that Congress must reaffirm its constitutional authority over tariffs and the regulation of foreign trade.
