Senate Republicans Warn White House Against Mexico Tariffs

6/4/19
 
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from The New York Times,
6/4/19:

Republican senators sent the White House a sharp message on Tuesday, warning that they were opposed to President Trump’s plans to impose tariffs on Mexican imports, just hours after the president said lawmakers would be “foolish” to try to stop him.

The Federal Reserve chairman, Jerome H. Powell, said on Tuesday that the central bank was prepared to act to sustain the economic expansion if President Trump’s trade war weakened the economy. His remarks sent stocks soaring as investors predicted a cut in interest rates.

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