President Donald Trump’s economic policies are facing harsh criticism from both Republicans and Democrats. His proposed tariffs and federal layoffs have led to sagging consumer sentiment, with many people feeling less optimistic about the economy due to rising prices and job losses.
The Republican Party is grappling with the consequences of Trump’s economic plans, which are expected to increase the national debt and lead to persistent inflation. Some lawmakers, including Senator Rand Paul (R-KY), warn that the tariffs could have dramatic effects on the economy, such as the bird flu spiking egg prices.
Despite Trump’s assurances that his policies will boost the economy, many experts disagree. Economic policy consultant Kathryn Edwards notes that consumer sentiment is falling in a labor market that is already on the precipice of recession. She warns that this combination of factors poses a significant risk to the economy.
The administration maintains that its policies will bring down inflation and interest rates, but critics argue that the cost to consumers could be too high. Some lawmakers, like Representative Adrian Smith (R-NEB), are skeptical about relying on tariffs for revenue, citing concerns about the impact on small businesses.
As Trump’s economic plans become more concrete, Republicans are starting to express doubts about their effectiveness. This could spell trouble for the party’s chances of enacting tax cuts and deficit reductions without ballooning the national debt.
With the midterm elections just around the corner, Congressional Democrats see an opportunity to capitalize on the growing tensions within the GOP. The party is waiting to see how Trump’s economic policies will play out before deciding whether to challenge him in 2024.
Source: https://www.semafor.com/article/02/28/2025/republicans-start-to-sweat-as-trump-takes-economic-ownership