GOP mood grows darker on Trump tariffs as markets give up their gains

(The Hill) Glimmers of optimism surrounding President Trump’s tariffs quickly faded on Tuesday as the White House dug in on the threat of new levies, the markets erased their small morning gains and Republican lawmakers grew increasingly frustrated with what they see as mixed messages coming from administration officials.

The mood early on Tuesday was more upbeat than in recent days as the market showed signs of life for the first time in days on the heels of Treasury Secretary Scott Bessent saying Trump is ready to negotiate with trading partners.

Trump helped matters by saying he had a “great call” with acting South Korean President Han Duck-soo and that South Korean officials are traveling to the U.S., while Bessent said Japanese and Vietnamese officials are also ready to strike deals.

That feeling did not last.

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