Republicans warn the tariffs “worst depression we have ever had”.

The representative Don Bacon, a Republican of Nebraska who works to correct part of President Donald Trump’s collective bargaining authority, said on Sunday that the historical support of his party of Zöllen was the “worst depression that we had ever had” and the economic crisis that began in 1929 and began in the 1930s.

“We learned from this that tariffs and protectionism do not work,” he told Margaret Brennan, moderator of CBS News’. Put on the nation on Sunday.

Why is it important

The announcement of Trumps on April 2 from comprehensive global tariffs included new tariffs for all imported goods from 180 countries and a list of “mutual tasks” that are reported to combat dozens of countries and to restore the American production industry. The president welcomed the tariff to the country as a “explanation of the economic independence” of the country.

However, Trump’s filling up of international trade has recharge the global and domestic markets and the tankall Street in the past few days and have marked the worst days for the US stock markets since 2020.

Economists have warned of the probability of a recession, while the Trump government has not excluded the possibility and realizes that the transition period will be marked with a “disturbance” of a market disorder. On Saturday, Trump asked the Americans in the middle of the market volatility and the announcement of mutual tariffs from other countries, including China, “hard”.

What to know?

Bacon was the first GOP house member to face Trump’s tariffs and loudly supported the legislation of the non -partisan Senate in order to curb the presidential authority through the tariffs and to give the congress more control over future trade duties.

Danielle Jensen, Bacon’s communication director, told Newsweek In a Sunday -e -e -mail that the representative “I look forward to working with Senator (Chuck) Grassley (a Republican Iowa) on this legislation and returning the power of tariffs to the congress”.

The cross -party law “Trade Review Act from 2025” takes place one day after Trump’s “Freedom Day”, and explains that the president must submit to the congress for the reasoning and evaluation of the potential effects of containing or increasing the obligation of the United States and the consumers of the United States within 48 hours of imposing or increasing a duty.

The bill also means that new tariffs expire within 60 days unless the congress approves them. Both chambers can adopt a “common solution to the disapproval” to cancel the tariff before the 60-day period.

Bacon will present a home companion in this matter on Monday and Brennan say that “it will undoubtedly be more difficult to survive in the house”, but signaled that he has some support from chamber members.

“It is time for the congress to restore its authorities here,” said Bacon on Sunday. “And the constitution is clear. The house and the Senate, the congress, have the power of tariffs and taxes, and we gave the executive part of this power, and I think that was a mistake afterwards.”

Brennan followed that Trump used it to be busy and brought America back to the “glorious day of the 19th century”, and asked “the Republicans just didn’t take him seriously?”

Bacon replied: “It was the support of the tariffs by the Republicans in the 19th century and until 1930, when we insisted on this Smoot Hawley Act, which generated the worst depression that we have ever had. We learned that tariffs and protectionism do not work.”

The Smoot Hewley Tariff Act was signed in the law in 1930 and the US tariffs of over 20,000 imported goods to protect American farmers and manufacturers significantly increased. The US imports fell by two thirds within three years, and exports recorded similar declines. It is often cited as a contribution to the economic collapse of the 1930s, although some economists do not agree.

The global economic crisis was the most economical downturn in US history, shaped by the stock exchange crash, high unemployment and bank failure.

Bacon said Brennan that tariffs in the presidential election last year were not a central election problem for Americans, at least not compared to the southern border, immigration and inflation:

The concerns about potential recession and the increasing economic difficulties grow among the Americans after the stock market markets have reached the lowest days in half a decade. Even before the latest market volatility, the majority of the Americans believed that the country was led to a recession in the course of the year, as a survey published on Wednesday by Ipsos.

Between the 25th and 26th March of 1,085 adults, the survey showed that 61 percent of those surveyed expect the United States to enter into a recession within the next 12 months. The survey has an error rate of plus or minus 5.1 percentage points.

What people say

Senator Maria Cantwell, a Democrat in Washington, who sponsored the law with Grassley, said in a statement on Thursday: “This draft law confirms the role of the congress in trade policy to ensure that the regular trading policy benefits transparently, consistent and the American public.”

Senator Chuck Grassley, a Republican of Iowa, said on Thursday in a statement: “For too long, the congress has its clear authority to regulate intergovernmental and foreign trade to the executive. Construction of my previous efforts as chairman of the Finance Committee I am Senator Cantwell in order to reintroduce the non -partisan trade test law of 2025 in order to fight the constitutional role of the congress.

Senator Thom Tillis, a Republican in North Carolina, about the law template of NBC News on Thursday: “I like the review of the congress … In the trade it is a good example” and clear, “I will support Grassley if it gets a vote.”

President Donald Trump said truth in a social post on Saturday: “This is an economic revolution and we will win. Hang hard, it won’t be easy, but the end result will be historical. We will make America great again !!!”

What happens next?

On Thursday, Cantwell spoke about her included invoice on the Senate. It now goes to the committee for checking before it can advance to a complete coordination in the Senate.

Bacon is expected to present the house bill on Monday, in which the Republicans have a majority in house 220-213.