• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump gets rare Democrat support for new tariffs: ‘This is a good start’

by April 3, 2025
written by April 3, 2025

A moderate Democrat is expressing cautious optimism at President Donald Trump’s stance on tariffs in a stark departure from most of his party’s infuriated reaction.

Rep. Jared Golden, D-Maine, pointed out in a lengthy statement that he himself proposed a 10% blanket tariff on U.S. imports earlier this year and said he was happy Trump’s baseline policy was the same.

‘What I can say now is I’m pleased the president is building his tariff agenda on the foundation of a universal 10% tariff like the one I proposed in the BUILT USA Act. This ring fence around the American economy is a good start to erasing our unsustainable trade deficits,’ Golden said.

‘I’m eager to work with the president to fix the broken ‘free trade’ system that made multinational corporations rich but ruined manufacturing communities across the country. But tariffs must be paired with policies that prioritize American families’ prosperity.’

He noted, however, that Trump ‘introduced a number of new tariff policies’ alongside the 10% universal tax, and that he would need time to review the policies in detail before weighing in on them further.

Golden also said tariffs ‘must be paired with policies that prioritize American families’ prosperity.’

‘We need to make sure that the new approach benefits working people – that means supporting unions, the trades and apprenticeship programs, cutting regulations that hold back production, unleashing American energy and using tariff revenue to support domestic manufacturers that create good-paying jobs for Americans,’ he said.

‘Tariffs are a first step in rewriting a rigged trade system, but they cannot be the last one.’

While it’s far from a full embrace of Trump’s tariff plan, Golden’s comments are still more optimistic than those of his fellow Democratic lawmakers.

‘I have always said that when used strategically, tariffs are a critical tool,’ Rep. Debbie Dingell, D-Mich., told Axios. ‘However, the key word is ‘strategically.’ I’m concerned about the chaotic and immediate implementation of these wide-reaching tariffs.’

Meanwhile, Rep. Gregory Meeks, D-N.Y., the top Democrat on the House Foreign Affairs Committee, pledged to force a vote targeting the new national emergency Trump is using to justify the 10% blanket tariff.

‘I’ll soon introduce a privileged resolution to force a vote on ending the made up national emergency Trump is using to justify these taxes. Republicans can’t keep ducking this – it’s time they show whether they support the economic pain Trump is inflicting on their constituents,’ Meeks said in a statement.

Golden has been known to break from his party on several key occasions. 

Maine’s 2nd Congressional District, which he has represented since January 2019, was won by Trump by roughly 10% in 2024.

Fox News Digital reached out to Golden’s office for further comment but did not hear back by press time.

Trump’s plan involves a 10% blanket tariff on all imports into the U.S., as well as tariffs of up to 50% on both adversaries and allies.

It also introduces some level of reciprocal tariffs on countries that tax U.S. exports, though in most cases, the U.S. rate is lower than the foreign country’s.

‘April 2, 2025, will forever be remembered as the day American industry was reborn. The day America’s destiny was reclaimed. And the day that we began to make America wealthy again,’ Trump said in remarks announcing his plan Wednesday.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump’s DOGE push slashes millions in DEI contracts funding ‘divisive ideologies’ in blue states
next post
Rubio demands NATO pony up, dismisses ‘hysteria’ over US role under Trump

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • British monarchy’s Crown Estate profits hit record £1.1 billion amid booming offshore wind sector

    July 24, 2024
  • DAVID MARCUS: The Department of War marks the end of America as the world’s policeman

    September 6, 2025
  • FBI investigating claims of Comey-era ‘honeypot’ operation against Trump 2016 campaign: report

    February 26, 2025
  • Meta to pay $1.4 billion to settle Texas lawsuit over facial recognition data misuse

    July 30, 2024
  • Here’s how long an oil shock-driven bear market lasts on average

    March 12, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (1,931)
  • Stock (1,017)

Latest Posts

  • Which social media platforms have banned Trump and why? An overview

    August 5, 2024
  • Dow Jones jumps over 300 points as hopes of Iran war end lift stocks

    April 1, 2026
  • First Mexico-born rep targets indictment-plagued Democrat in House GOP comeback bid

    April 15, 2025

Recent Posts

  • Does President Trump really need to cut down Andrew Jackson’s magnolia tree? Expert weighs in

    April 2, 2025
  • Trump set to host Saudi Arabia’s powerful crown prince at the White House this week

    November 17, 2025
  • Elon Musk’s Neuralink raises $650 million in fresh capital

    June 3, 2025

Editor’s Pick

  • BlackRock earnings beat, but AUM decline tells a bigger story

    April 14, 2026
  • House Freedom Caucus conservative to enter race for South Carolina governor

    July 25, 2025
  • Trump says Iran would ‘like to talk’ about dialing down Israel-Iran conflict

    June 16, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock