The article details the mounting opposition to Donald Trump's imposition of widespread tariffs, particularly from unexpected quarters. Elon Musk, despite not being a government official, criticized the tariffs, highlighting the negative impact on Tesla's stock value. Several Republican senators, including influential figures like Ted Cruz and Mitch McConnell, also voiced concerns, arguing that the tariffs would negatively affect their constituents and hurt the economy.
The senators' opposition is driven by both economic and political calculations. The economic slowdown and potential inflation resulting from the tariffs could severely damage their re-election prospects. Economists even pointed out mathematical errors in the tariff calculations, leading to excessively high rates.
A bipartisan effort in the Senate aims to limit the President's power to impose tariffs without Congressional oversight, showcasing the level of concern across the political spectrum. While the House of Representatives shows less dissent, a few Republican representatives have also started voicing opposition, although their efforts might be futile.
The responses to the situation have been varied. Trump's trade advisor Peter Navarro dismissed Musk's concerns, suggesting he lacked understanding of international trade practices. Meanwhile, the American Enterprise Institute highlighted errors in the tariff calculations, implying intentional overestimation.
Musk, notably, advocated for a zero-tariff zone between Europe and the United States, furthering the criticism of the existing policy. This position, stated publicly, adds weight to the growing pressure against the tariffs.