Sen. John Kennedy (R-LA) said he viewed the “Liberation Day” tariffs as an artful negotiation tactic that would draw in “every foreign trade representative.”

On Wednesday, President Donald Trump imposed 10% tariffs on Mexico, Canada, China, and dozens more countries, as well as a 25% tariff on foreign automobiles. The stock market has had bearish reactions. The S&P 500 recorded its fifth consecutive week of decline last Friday, and its futures declined by 3.4% before the market opened Thursday.