Summary
- Chuck Schumer said he would block President Donald Trump’s attempt to extend the 15% global tariff.
- Schumer criticized the tariff as "economic chaos," saying it is pushing up prices and burdening consumers.
- After the U.S. Supreme Court moved to rein in President Trump’s tariff policy, the possibility of a clash between the administration and Congress has been raised.
According to Walter Bloomberg, an overseas economics breaking-news channel, on the 23rd (local time), U.S. Senate Democratic Leader Chuck Schumer said he would block President Donald Trump’s attempt to extend the 15% global tariff.
Schumer stressed that with the tariff set to expire this summer, Senate Democrats will move to halt any extension effort.
He criticized the tariff policy as "economic chaos," saying it is driving up prices and burdening consumers.
The remarks come after the U.S. Supreme Court moved to rein in President Trump’s tariff policy. After the ruling, President Trump has suggested he could consider alternative measures such as imposing fees on foreign countries.
The prospect is rising that a clash between the administration and Congress over extending the tariff could intensify.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
