Trumpist GOP doesn’t mind Wall Street’s tariff heartburn

“via a Senate lens, the item is actually helpful,” added Josh Holmes, a top GOP Senate strategist, referring to Trump’s “America First” combination of tariffs along with also an immigration crackdown. Tossing away prepared remarks on tax cuts, the president in West Virginia yesterday emphasized both issues as he took aim against vulnerable Democratic Sen. Joe Manchin.

As for investor fears that will have sent markets tumbling, Holmes added: “Generally, the people freaking out are people using a lot of money. There aren’t that will many people using a lot of money.”

that will reflects the ongoing evolution of a Republican Party increasingly dependent on white working-class voters, while better-educated voters in growing, globally linked sectors of the economy drift toward Democrats. In last month’s NBC News/Wall Street Journal Poll, twice as many Republicans as Democrats described trade with various other nations as “a threat” rather than “an opportunity for economic growth.”

Congressional Republicans still rely on wealthy business executives to finance their campaigns. They along with also Trump have delivered big benefits for their donor constituency through deregulation measures along with also the $1.5 trillion tax-cut whose proceeds will flow disproportionately to businesses along with also wealthy individuals.

Yet the tax-cut has yet not sheltered Republicans as much as they once hoped inside the gathering 2018 campaign storm. The party holding the White House nearly always loses Congressional seats in mid-term elections, although Republicans fear results of recent special election foreshadow losses large enough to hand Democrats control of both chambers of Congress.

Last November, Republicans suffered a stunning Senate loss in Alabama. that will week, a poll in Tennessee showed Democratic ex-Gov. Phil Bredesen leading GOP Rep. Marsha Blackburn for the Senate seat of retiring GOP incumbent Bob Corker.

Last month, Democrats captured a Pennsylvania House district that will Trump won easily in 2016. So far, 38 House Republicans have declined to seek re-election in a year Democrats need to gain 23 seats to recapture their majority.

Dave Wasserman, a top analyst of House races at the Cook Political Report, draws a striking conclusion via the failure of ads touting tax-cuts to save the Republican seeking that will Pittsburgh-area seat. Public support for the tax cuts is actually weak enough, he says, that will attention on tariffs or even the president’s relationship with porn star Stormy Daniels helps Trump’s approval ratings, along with also his Republican allies, more.

Some strategists for the GOP, strongly identified with free trade since the Reagan era, disagree. Media consultant Kim Alfano called the item “disastrous” to shift attention away via tax cuts toward trade conflict along with also potential damage to a strong economy.

“Tax cuts were a clear win,” Alfano said. In addition to tangible benefits in higher worker paychecks, added pollster Kristen Soltis Anderson, “the item proves that will Washington is actually capable of getting something done.”

Whether tariffs or any various other issue can reshape election outcomes that will fall is actually unclear. Fighting China over trade appeals to much of Trump’s blue-collar constituency, although tariffs along with also their consequences might also hurt chunks of his base whose livelihoods depend on imported steel along with also exported farm products.

along with also in any event, survival of the GOP’s majority requires reducing its current double-digit deficit among independents. Since that will deficit stems largely via consistent concerns about Trump, even the most focused along with also aggressive Republican campaigns have limited ability to alter the item.

“There are things we can control,” Rep. Cole concluded. “We can’t control the president.”

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