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Live from NPR News in Washington, I'm Jack Spear. Even as President Trump promises retaliatory

global tariffs that take effect this week will make America wealthy again, there is growing

unease on Capitol Hill, Wall Street, and Main Street. Republican Senator Ted Cruz has warned

the tariff strategy has enormous risks. And Republican

Senator John Kennedy of Louisiana said the drop in stocks is not good. St.P.R. Maria Aspen

reports some Wall Street heavy hitters are also speaking out. The big headline today was Jamie Diamond,

the CEO of J.P. Morgan Chase. Diamond runs the country's largest bank, and he's one of the most

powerful and

prominent people on Wall Street. And today he published his annual letter to shareholders,

warning that the tariffs will raise prices, slow economic growth, and hurt the country's global

standing. He said his, quote, most serious concern is how this will affect America's long-term

economic alliances.

NPR's Maria Aspen. Trump has given no indication he plans to end the tariffs, saying he's considering even higher tariffs against China.

The first round of the European Union's counter tariffs on U.S. goods will go on to effect April 15th, although the list of goods has not yet been finalized.

From Brussels, Terry Schultz,

reports the EU still says it's open negotiations with the administration on ending the

escalating trade war. As European shares hit a 16-month low, EU foreign and trade ministers

...