He says “everybody is concerned” but will let massive policy shift “play out.”
Senate Majority Leader John Thune said on Monday that his chamber will likely not intervene with the tariffs implemented by President Trump’s administration last week.
“I expected some turbulence in the stock market, I think everybody did. This was a change in policy, a consequential one, but I think we got to let it play out and see what ultimately happens not only in the near term, but in the long term,” Senator Thune said.
There is support for Congressional intervention among individual legislators in both the Senate and the House, with a measure introduced last week by Senator Maria Cantwell of Washington and Senator Chuck Grassley of Iowa. But the Senate majority leader said that even if the measure did pass, it would still need President Donald Trump’s signature to become law.
“The president has indicated he would veto it. I don’t see how they get it on the floor in the House. We are going to wait and see what is going to happen next,” said Senator Thune.
As the Lord Leads, Pray with Us…
- For Senate Majority Leader Thune as he assesses legislation to bring to the upper chamber floor for a vote.
- For members of Congress as they consider appropriations for the coming fiscal year.
Sources: Reuters, The Hill
