• 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 warns of ‘serious consequences’ if Elon Musk...

June 7, 2025

Musk jokes about reconsidering stance on Big Beautiful...

June 7, 2025

Musk deletes explosive posts about Trump and Epstein...

June 7, 2025

House witness flips script on Dem who ambushed...

June 7, 2025

Trump’s conservative allies warn Congress faces critical ‘test’...

June 7, 2025

Call with China’s Xi, and Trump-Musk exchange fueled...

June 7, 2025

TIMELINE: Inside the evolving relationship between Trump and...

June 7, 2025

Deadly drone wars are already here and the...

June 7, 2025

FLASHBACK: Musk accused Trump, GOP leaders of not...

June 7, 2025

‘Right down the line’: Medicaid reform in ‘big,...

June 7, 2025
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

  • Rolls-Royce share price analysis: buy, sell or hold?

    August 12, 2024
  • Trump plans to plead not guilty to Jack Smith’s revised federal election interference charges

    September 4, 2024
  • Durbin obstruction threat chills Senate as Trump nominees hang in balance

    June 4, 2025
  • EURUSD and GBPUSD: EURUSD on the bullish side this morning

    October 12, 2024
  • China sentences journalist for espionage after he was detained while eating with Japanese diplomat

    December 1, 2024

Popular Posts

  • 1

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

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,862)
  • Investing (624)
  • Stock (791)

Latest Posts

  • Complex partial seizure ruled as cause of pausing episode during House floor speech, Dem congressman says

    February 12, 2025
  • Russia interfering in 2024 election to help Trump, US intelligence officials say

    July 11, 2024
  • Embattled Secret Service director to tell top House committee ‘we failed’ to protect Trump

    July 22, 2024

Recent Posts

  • Senators condemn fatal shooting of Israeli embassy employees as families mourn

    May 28, 2025
  • ‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders

    February 4, 2025
  • Trump holds ‘very good’ call with Zelenskyy following deal with Putin

    March 19, 2025

Editor’s Pick

  • Boeing machinists reject new labor contract, extending strike

    October 25, 2024
  • Nearly all of DC shut down for Trump’s inauguration. So why was there no designated survivor?

    January 22, 2025
  • Long GER40: set for bullish reversal, signal potential upswing from 17,000 support level

    August 8, 2024
  • 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