President Trump remains firm on his plan for reciprocal tariffs, despite turmoil in the markets and political strife among Republicans. The administration has sent mixed signals, raising concerns about whether these tariffs signal a negotiation tactic or a major economic policy shift. Key figures, like Treasury Secretary Scott Bessent and White House counselor Peter Navarro, express differing views. GOP leaders support Trump's tariff decisions, despite several Senate Republicans favoring a bill to limit his tariff authority, which Trump has vowed to veto.
"This is not a negotiation. For the US, it is a national emergency triggered by trade deficits caused by a rigged system." - Peter Navarro
"There can be permanent tariffs and there can also be negotiations," Trump told reporters, highlighting the inconsistency in the administration's stance on trade.
"I don't think that has a future," Senate Majority Leader John Thune responded about the bipartisan bill addressing presidential tariff powers.
"You've got to give the president the latitude, the runway to do what it is he was elected to do," Speaker Mike Johnson emphasized, conveying GOP support for Trump.
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