A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

Source: Fortune ·

A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

The former U.S. ambassador to Vietnam, speaking in Ho Chi Minh City on election day, says tariff power "rests with the executive."

From the source

As U.S. voters headed to the polls on Tuesday, former U.S. ambassador to Vietnam Ted Osius predicted that a Democratic-controlled Congress could curb President Donald Trump’s ability to wage war in the Middle East, but would likely struggle to unwind his tariffs. The U.S. midterm elections could have major implications for both the Iran war and the global economy, Osius said at Fortune’s Southeast Asia 500 Summit in Ho Chi Minh City, Vietnam on Nov. 3. “The Iran war is extremely unpopular in the United States, and it’s one of the factors that will be decisive in this election,” said Osius, who served as ambassador to Vietnam from 2014 to 2017. “I expect that Congress would use the power of the purse to curb the president’s ability to wage war in the Middle East.” About 65% of Americans disapprove of how Trump is handling the U.S. military action in Iran, according to a Pew Research Center survey released on Oct. 8. The polling outfit noted that the war has been unpopular since it…

BestAIBroker analysis

Read the original source