Suryaa International Desk: Democrats' sensational victories in the recently concluded midterm elections in the United States are having a significant impact on the country's political and economic policies. Although Democrats who have gained a hold in Congress are significantly increasing oversight on national trade policies and import tariffs, completely revoking President Donald Trump's tariff policies has become difficult. Economic experts analyze that the barrier of Trump's veto power poses severe obstacles to the Democrats' legislative efforts.
Following the election results, Democratic leaders set to take charge of key committees in Congress are preparing to maintain strict surveillance over the tough tariff policies previously implemented by the Trump administration. They are specifically planning to amend outdated trade laws and reduce the burden of prices on consumers. However, despite securing a majority in Congress, Democrats lack the two-thirds majority required to counter the President's veto power, making the passage of legislation to repeal the tariffs impossible.
Meanwhile, Donald Trump, who is in his final presidential term, has made it clear that there is no question of backing down regarding his tariff policies. In a legacy-building mode, he plans to focus on new trade tariffs and non-tariff regulations to protect domestic industries, according to White House sources. Global trade experts estimate that tensions surrounding US trade policies are likely to continue in the future due to this political deadlock.
