"Some Republican senators suggest limiting Trump’s power": diplomat Bryza

He shared this in an interview on Espreso TV.

"So we're starting to hear even some Republican senators saying, we should limit Trump's power and bring that power back to the U.S. Congress. But we're still a long way away from those small number of senators being able actually to restrict Trump's power. 

I think we're going to see Trump back off the craziness of his tariff policies and his global trade war once it becomes clear that the U.S. economy is really suffering tremendous damage, which we're starting to see in terms of the fall in the U.S. stock markets. And I think we will soon see, as more and more U.S. companies say, we're going to postpone our investment decisions and our growth decisions — which is then going to lead to the slowdown of the U.S. economy," explained Bryza.

The diplomat also believes that as soon as the consequences of the trade war become clear, the Trump administration will change its policy. However, this will still result in massive economic losses and potential attempts to undermine the U.S. legal system.

"It'll lead to stagflation — so high inflation and low growth — as the U.S. experienced in the 1970s. And Japan experienced in the 1990s. The U.S. economy seems to be on that path. And once we get locked, I think, unfortunately, into that economically disastrous situation, I think Trump will have no choice but to back off on his trade war. But that'll be at the cost of tremendous economic damage, as well as potential attempts to undermine the U.S. legal system," he added.

Bryza is convinced that Trump will still attempt to undermine the U.S. legal system.

"And my last point is: Trump has already begun to pressure major U.S. law firms who have — basically — who have opposed him. And that's very dangerous. The law has to be sacrosanct in the United States, as in any country. And everyone in the U.S., even the president, must abide by U.S. law. But he's going to try to challenge that," he concluded.

President Donald Trump’s sweeping tariffs

On April 2, President Trump announced tariffs at least 10% on nearly all goods imported into the United States. These tariffs are set to take effect on April 9.

U.S. Treasury Secretary Scott Bessent urged countries targeted by tariffs not to take immediate retaliatory actions, believing it would lead to escalation.

Soon after, U.S. President Donald Trump declared a state of emergency to "boost competitiveness, protect sovereignty, and strengthen national and economic security."

However, within a day of Trump imposing new tariffs, the combined wealth of the world’s 500 wealthiest people dropped by $208 billion.

Later, British company Jaguar Land Rover announced it would halt car shipments to the United States for a month due to the 25% tariff imposed by President Trump. Audi made a similar decision.

On April 7, Trump announced that if China did not lift its 34% tariffs by April 8, the U.S. would impose even higher tariffs on Chinese goods. The next day, the United States introduced 104% tariffs on Chinese products.

On the same day, Ursula von der Leyen stated that the EU had offered the U.S. zero tariffs on industrial goods after Trump’s tariff imposition.

On April 9, U.S. President Donald Trump described his global tariff policy as a “war against the world” but later backpedaled, saying it was "not a war at all."