Senator Ron Wyden has been vocal against the tariffs, co-sponsoring federal legislation aimed at repealing them, which is set for a vote next week.

Economic analysts warn that the tariffs could lead to inflation, the loss of nearly 800,000 jobs, and a reduction of the American economy by $180 billion annually.

Analysis suggests that China may have advantages in the ongoing trade war due to its economic resilience and control over critical minerals.

Experts estimate that the tariffs could increase the annual cost of living for the average American family by over $3,800, highlighting the financial strain on households.

Business leaders, including Emma Mcilroy, CEO of Wildfang, have voiced concerns about the negative impact of ongoing tariffs on their operations and the broader economy.

While Trump claims that the U.S. and China are in daily contact regarding trade negotiations, China has stated that no trade talks have begun, contradicting his assertions.

In light of Trump's criticisms of the Federal Reserve's chair, a Republican lawmaker emphasized the importance of protecting the Fed from political pressures.

The International Monetary Fund has indicated that the substantial U.S. tariffs and retaliatory measures are negatively impacting the global economic landscape, affecting both the U.S. and other countries.

In a significant legal move, twelve U.S. states have filed a lawsuit against the Trump administration, arguing that the tariffs imposed are unconstitutional and harmful to the economy, asserting that only Congress has the authority to levy such taxes.

This lawsuit, titled State of Oregon, et al., v. Trump, et al., was initiated by Oregon Attorney General Dan Rayfield on April 23, 2025, in the Court of International Trade in New York.

Earlier in April, Trump announced a temporary 90-day pause on many tariffs due to a global market downturn, though he remains committed to escalating trade tensions with China.

Despite a slight uptick in the stock market, major ETFs have seen significant declines year-to-date, reflecting market concerns related to the tariffs.