President Donald Trump is vowing to block a Senate resolution that would halt his tariffs on imported goods. The resolution, introduced by Sen. Ron Wyden (D-Ore.), seeks to undo Trump’s 10% tariffs and prevent him from imposing even higher tariffs on other countries.
In a strong statement, the White House Office of Management and Budget said that Trump would veto the resolution because it “would undermine the Administration’s efforts to address the unusual and extraordinary threats to national security and economic stability.” Trump argues that the tariffs are necessary to protect the U.S. economy from what he sees as unfair trade practices.
Wyden’s resolution is part of an effort by some lawmakers to curb the president’s trade powers. He introduced it earlier this month to give Congress more control over tariff decisions.
The Senate is set to vote on the measure by the end of the week, possibly as soon as Wednesday.
The Wyden bill aims to reverse Trump’s 10% tariffs on imported goods and stop him from imposing additional tariffs of up to 49% on various countries. Trump’s actions have sparked concern from lawmakers and economists alike, with many fearing that his tariffs could push the U.S. into a recession.
Another Senate bill is gaining support, which would limit Trump’s ability to impose tariffs without congressional approval. Seven Republican senators, including Senate President Pro Tempore Chuck Grassley and former Senate Republican leader Mitch McConnell, have signed on to the bill.
Trump’s tariffs, announced on April 2, caused immediate concern in the markets. The White House called it “Liberation Day,” but the move led to a sharp rise in economic uncertainty. On April 9, Trump paused the more severe tariffs for 90 days, keeping the 10% tariffs in place and raising tariffs on China to 145%.
While the administration continues to negotiate with trading partners, no deals have been reached yet.
Trump is standing firm on his tariff strategy, despite growing resistance from Congress and the business world. He’s betting that his tough approach will fix what he considers an unfair global trade system.
