Donald Trump's tariff policies during his presidency, particularly toward China, have led to significant market instability, including a 12% drop in the S&P 500 within a week. His fluctuating tariff regime has also incited bipartisan backlash, with senators introducing a bill to reclaim congressional authority over tariff imposition. This push underscores a growing concern among lawmakers regarding executive overreach in trade policy, contrasting the tentative political responses typically seen in the past.
During Trump's presidency, chaos in tariff decisions led to markets losing 12% in value, prompting bipartisan senators to push for reclaiming congressional authority over tariffs.
Trump's tariff strategy created unpredictability in markets, provoking significant pushback from politicians who initiated legislation aimed at reclaiming tariff authority for Congress.
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