Trump Tariffs Spark Market Turmoil, GOP Divided on Negotiation

President Trump has announced sweeping new tariffs that have unsettled global markets and raised recession fears, with the Dow Jones Industrial Average dropping over 3%. While Trump likened the tariffs to a necessary medical procedure, auto manufacturer Stellantis has laid off 900 workers due to the economic strain caused by the tariffs. Congressional Democrats are seeking to force a vote on the tariffs after the Senate issued a rebuke, with some bipartisan support emerging for legislation that would require congressional approval for any new tariffs. Republican lawmakers are increasingly concerned about the political ramifications of the tariffs, fearing they may lead to electoral losses reminiscent of historical precedents where tariff policies resulted in significant defeats for the GOP. As Trump remains resolute in his approach, questions linger on whether he will engage in negotiations with affected countries. The uncertainty surrounding these tariffs is causing a ripple effect across various sectors of the economy.