
Wall Street Pressures GOP on Tariffs
Wall Street donors are reportedly pressuring Republican lawmakers to push back against President Donald Trump’s aggressive tariff strategy. In private conversations over the weekend, several donors conveyed their growing concerns about the economic fallout resulting from recent trade measures, urging GOP leaders to intervene.
Representative Mike Simpson acknowledged the internal unrest, telling reporters that some Republicans may directly address their concerns to the White House. “They’ve listened in the past,” he added, suggesting that the administration could be receptive if internal opposition gains momentum.
Although the lawmakers involved did not disclose the names of the donors, multiple sources confirmed that investor anxiety has intensified following days of market volatility. The donors fear prolonged trade tensions could harm financial markets and overall economic stability.
The pressure comes amid heightened political tension over Trump’s trade policies. The President has made clear he will veto a bipartisan bill designed to curb his trade authority. That legislation aims to give Congress more oversight over tariffs imposed in the name of national security, a mechanism Trump has used repeatedly to implement his trade agenda.
As Wall Street's unease grows and Republican leaders face increased scrutiny, the internal divide within the party on trade policy appears to be widening. The coming days may reveal whether the pressure from financial backers will lead to a tangible shift in the GOP’s approach to the President’s economic strategy.