Overview

• Karl Rove warned that President Trump’s frequently revised tariff threats risk costing Republicans control of Congress next year.
• He urged a reciprocity approach in trade talks, where U.S. duties would drop only if other countries reciprocate.
• A May 15 Marquette Law School poll found 63 percent of Americans disapprove of the president’s tariff policy.
• Federal courts issued conflicting rulings, with a district judge blocking most tariffs and an appeals panel briefly reinstating them.
• The trade measures have jolted stock markets and drawn criticism from allies such as the European Union and Canada.