“Faced with President Donald Trump’s sweeping new tariffs, Wall Street traders voted with their dollars Thursday, selling off trillions in stock market value amid growing fears of inflation and recession,” Politico reports.

“Meanwhile, Republicans on Capitol Hill — who could use their own votes to stop the new tariffs cold — made clear they had no intention of acting anytime soon.”

Philip Elliot: “Republicans at the Capitol understand this is going to hurt not just Americans, but their own political futures. It’s why, in a low-key fever, they’re freaking out.”

“But here’s the rub: while they know this is bad for just about everyone, don’t expect them to exercise their congressional authority to get Trump to back off. Their prospects may be bad right now, but they view crossing a President who leads a vindictive movement as even worse. This is not a moment where anyone in Washington is expecting political bravery.”

Said one Republican lobbyist: “None of this was thought through. The math doesn’t work. The end game doesn’t work. The politics doesn’t work. This is just a mess and it is going to cost Republicans seats.”

“The president campaigned on a promise to bring down grocery prices, but the new tariffs announced Wednesday will do the opposite for many staple foods,” Axios reports.

“The groceries and food hit hardest, if these tariffs take effect, are the things mostly not grown or harvested in the U.S.”

“For example: Coffee, chocolate, vanilla, bananas, fruits and vegetables from South America (the berries you buy in winter), a lot of shrimp.”