Republican lawmakers continue to remain loyal to Donald Trump despite sinking approval ratings, especially on economic issues. There are three main reasons for this unwavering support: political fear of primary challenges, partisan tribalism preventing alignment with Democrats, and the desire for tax cuts, which many believe Trump can deliver. Unless something changes, Republicans are expected to continue falling in line with Trump.
Trump’s penchant for corruption has taken a new form with the promotion of a cryptocurrency named $TRUMP, where the largest buyers are offered a chance to meet him at the White House in exchange for investments. This has led to a surge in the coin’s value, showing a clear demonstration of Trump’s willingness to profit off his presidency.
Meanwhile, Trump’s trade policies have caused turmoil, with conflicting statements on tariffs and tensions with China. The stock market reaction to these policy shifts has been described as akin to an abusive relationship, reacting to every hint of change. Conservative economists like Art Laffer and business leaders like Ken Griffin have criticized Trump’s trade war for creating economic uncertainty and hindering growth.
In the midst of these challenges, Senator Rand Paul has emerged as a key figure in opposing Trump’s tariffs, setting the stage for a potential showdown in the Senate. The loyalty and opposition to Trump within Republican ranks, coupled with the ongoing policy and corruption controversies, paint a complex and tumultuous landscape for the current administration.
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