Trump's economic troubles put Republicans on the defensive

Summary

Republicans are struggling to defend Trump’s economic policies as markets decline and recession fears grow.

The Dow has dropped 7% this month, and tariffs on allies and rivals have raised consumer prices.

Some White House officials worry about a slow recovery, while GOP lawmakers express concern over Trump’s trade moves and deep government cuts.

Lawmakers and donors see a lack of strategy, with tariffs hurting U.S. businesses.