But the president’s allies fear that nuance will be lost on voters and argue the new tariffs — which could raise the prices of popular goods like alcohol and bacon, and the heart pills necessary to mitigate their effects — threaten to undercut the long list of victories Republicans would rather be touting.
“Everything that you do that’s not focused on affordability is not helpful. This might not be a negative 5, but it’s a negative 0.5. Anything that you’re doing that is not on the plus side of the scale is a problem,” said one person close to the White House, granted anonymity to speak about the impact of the tariffs on the GOP’s midterm chances. “When you announce new tariffs, it’s not like, okay, well, let’s see what they do. It’s, ‘Oh crap, those are the bad things.’”
The threat of new levies — the duties on Canada are not scheduled to take effect until mid-August and the generic duties until 2028 — come as the administration slowly rebuilds its tariff wall in the aftermath of a February Supreme Court ruling that struck down a broad swath of Trump’s trade regime. The president is set to unveil another set of tariffs ranging from 10 to 12.5 percent on 97 countries in the coming days. The administration also has several ongoing investigations that could result in tariffs on everything from wind turbines to industrial machinery.
“I think Republicans are comfortable with the threat, even though that has some market impacts. But actual revenue coming away from people’s pocketbooks is not what Republicans are happy with,” said a second person close to the White House, also granted anonymity to speak about the impact of tariffs on the midterms. “Any conversation about tariffs, unless it’s reducing them, is a bad conversation for Republicans.”
White House aides argue that the tariffs are narrow and targeted and that the long runway before they take effect will blunt their impact on consumers before the midterms. Cost-of-living concerns, they say, are about housing and gas prices, not hockey equipment and alcohol.
“No amount of armchair pontificating will deter the President from standing up for American workers and industries,” said White House spokesperson Kush Desai.
The administration has included carve-outs in its proposed tariffs for key products, like energy and groceries, in an effort to blunt some of their economic blow. But those carve-outs could prove the worst of both worlds for the president, said Chad Bown, former chief economist at the State Department in the Biden administration. Voters won’t realize prices could be even higher without the carve-outs and the exemptions on popular products limit the revenue coming into the United States.
