Shortly after President Donald Trump announced a 90 -day break on most of his reciprocal prices, a key senator from the GOP suggested that chaos on the stock market had played a major role.
“I think the market has frightened them, and I am happy that they fell on the prices for 90 days,” Senator Rand Paul of Kentucky said in Capitol. “Hopefully people talk about politics and will be less extreme.”
Paul, a libertarian republican who is an ardent defender of free trade, had become one of Trump’s greatest criticism on the rates. Last week, he helped make an effort to prevent Trump from imposing prices in Canada.
Shortly after Trump’s announcement, the actions began to bounce back.
“There should be a learning curve here. When you add a lot of prices, you will lose 6 billions on the market. When you get rid of prices, guess what? It comes back,” said Paul. “The prices are collected by millions of people as being bad for the economy, so I hope there is a learned lesson.”
“We have had chaos on the market for some time now,” Senator Mike of the southern Dakota told the journalist. “But certainly the markets, the way they replied, said they liked it and see a way to follow.”
Other Republican senators have largely applauded the announcement of Trump, which included the reduction of all reciprocal prices to 10% while increasing the prices on Chinese goods up to 125% in the middle of an in progress trade war for TATR.
“I like what he did in China,” said senator Tommy Tuberville from Alabama. “They don’t want to negotiate, but we’ll see how long they last without the American consumer.”
Asked by a journalist if he thought Trump was doing a coherent policy, Senator John Cornyn of Texas said: “It is President Trump’s path, and no one should be surprised.”
“I think it’s a victory for America,” said Senator John Kennedy of Louisiana. “And I think you have to conclude that it is a victory for him.”
businessinsider
