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Indebta > News > Tariffs latest: Trump pauses tariffs on Mexico
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Tariffs latest: Trump pauses tariffs on Mexico

News Room
Last updated: 2025/02/03 at 4:09 PM
By News Room
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Several Republican senators lashed out over the tariffs on Monday as the reality of their impact on domestic industries and consumers hit home.

Rand Paul, a libertarian senator from Kentucky, posted on X that “average US car prices could rise by around $3,000”, quoting TD Economics.

Senator Chuck Grassley of Iowa, an agriculture-focused state, wrote on X: “I plead [with] President Trump to exempt potash from the tariff because family farmers get most of our potash from Canada.”

Meanwhile, Mitch McConnell, the former Senate majority leader, warned: “It will drive the cost of everything up.” 

“In other words, it will be paid for by American consumers. I mean, why would you want to get in a fight with your allies over this?” he said in an interview on CBS’s 60 Minutes. 

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News Room February 3, 2025 February 3, 2025
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