• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Democrat Rep Jared Golden says his party’s moving in ‘wrong direction’ on trade

by April 5, 2025
by April 5, 2025

A key moderate Democrat is warning his party they are heading the ‘wrong’ way on trade.

Rep. Jared Golden, D-Maine, was one of the few Democrats to express some optimism at President Donald Trump’s support for tariffs, specifically his move to add a 10% baseline duty to all U.S. imports. 

Golden noted in a brief interview with Fox News Digital on Thursday that he himself proposed legislation for a 10% universal tariff earlier this year and in the previous Congress.

When asked how his stance on tariffs has been received by fellow House Democrats, Golden said, ‘Well, I think that they are moving in the wrong direction when it comes to trade.’

‘I think it’s been a knee-jerk reaction to the president,’ the Maine Democrat explained of the more recent furor.

He said the Democratic Party he joined in his ‘formative years’ was ‘the party that was warning about things like the World Trade Organization or [the North American Free Trade Agreement (NAFTA)].’

‘It has kind of, I think, had a sudden movement in the opposite direction, and that’s unfortunate,’ Golden said. ‘You’ve got to look beyond, you know, who the president is…to ask themselves what would be good for rural communities or working-class people, or cities like Detroit, whatever it may be – those who have been hit hardest by the existing trade regime.’

He added, however, ‘I think that this debate has been brewing since the ’90s, so it’s not only about Trump.’

Golden has been known to break from his own party on issues like trade, border security, and notably, former President Joe Biden’s student loan relief efforts.

He won his seat in Maine’s 2nd Congressional District by less than 1% in 2024, while Trump carried the district by 10%.

He said on Wednesday that he was ‘pleased’ Trump’s tariff plan lined up with his own ideas for a universal tax on foreign goods.

‘I’m eager to work with the president to fix the broken ‘free trade’ system that made multinational corporations rich but ruined manufacturing communities across the country. But tariffs must be paired with policies that prioritize American families’ prosperity.’

He pointed out, however, that Trump ‘introduced a number of new tariff policies’ alongside the 10% universal tax, and that he would need time to review the policies in detail before weighing in on them further.

Trump’s plan involves a 10% blanket tariff on all imports into the U.S., as well as reciprocal tariffs as high as nearly 50% on both adversaries and allies.

Golden added, ‘We need to make sure that the new approach benefits working people — that means supporting unions, the trades and apprenticeship programs, cutting regulations that hold back production, unleashing American energy and using tariff revenue to support domestic manufacturers that create good-paying jobs for Americans.’

‘Tariffs are a first step in rewriting a rigged trade system, but they cannot be the last one.’

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump shakes up NSA leadership, appoints new acting director and deputy to replace Biden appointees
next post
Amazon Alexa Fund expands AI investment strategy with five new focus areas

Related Posts

Relative Drug Pricing is Bad Medicine

June 6, 2025

Want to Fix Medicaid? Look to Milton Friedman

June 6, 2025

Want to Fix Medicaid? Look to Milton Friedman

June 6, 2025

Relative Drug Pricing is Bad Medicine

June 6, 2025

Trump responds to Biden dismissal of autopen probe,...

June 6, 2025

Biden only hand-signed one pardon during final spree,...

June 6, 2025

GOP bill takes aim at Congress’ ‘no rules...

June 6, 2025

Musk says Trump would have lost 2024 election...

June 6, 2025

White House highlights Pelosi hypocrisy after Schiff demands Trump admin...

June 6, 2025

Trump administration defends US and Israeli sovereignty with...

June 6, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Relative Drug Pricing is Bad Medicine

    June 6, 2025
  • Want to Fix Medicaid? Look to Milton Friedman

    June 6, 2025
  • Want to Fix Medicaid? Look to Milton Friedman

    June 6, 2025
  • Relative Drug Pricing is Bad Medicine

    June 6, 2025
  • Asian markets open: most futures lower; Sensex to open flat as RBI policy decision looms

    June 6, 2025
  • Here’s why the Nifty 50 Index may surge after the RBI rate cut

    June 6, 2025

Editors’ Picks

  • 1

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,373)
  • Editor's Pick (143)
  • Investing (165)
  • Stock (882)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Schumer calls on Leland Dudek, acting commissioner...

April 16, 2025

DOGE’s Waste Hunt Can’t Fix Social Security...

March 12, 2025

Americans witnessing crippling federal regulations can go...

April 14, 2025