Members of Congress are pushing forward a bill to ban stock trading during service.
“All Talk, No Substance”: Schumer torches Trump’s tariffs as August 1 deadline hits
https://www.politico.com/news/2025/07/30/trump-tariff-deadline-august-1-00483122
Schumer said the tariffs were “an experiment in chaos, dishonesty and inflation”
https://www.theguardian.com/us-news/live/2025/jul/31/donald-trump-tariffs-trade-canada-palestine-us-politics-live-news-updates
Canada now faces a 35% tariff. Mexico was granted a 90 day delay after its president spoke directly with Trump. U.S. furniture and clothing prices rose 1.3% and 0.4% in June, according to Reuters data, suggesting tariffs are beginning to reach end prices. A Fed staff note projected consumer purchasing power will fall by 0.2% by year end. Trade analysts say small countries are being hit with effective rates up to 41%, while Japan and South Korea secured exemptions or reductions. Few outlets have detailed the uneven structure of the tariff schedule, or how inventory lag delays the inflation spike. A separate ethics reform bill advanced by Sen. Hawley adds pressure inside the Senate, but a carveout for the president and vice president drew fire. If public cost pressures climb, both tariff policy and congressional conduct could face synchronized pushback.
