Tariff Pushback: Trump says have patience, but lawmakers are taking action

It has been a wild week for the markets trying to digest all the changes with trade.

President Trump is asking for patience through all of this, but lawmakers are already taking action. This week, Senators Ron Wyden and Rand Paul issued a resolution to stop the tariff plan, saying only Congress has tariff authority.

Also up for debate is legislation to stop emergency tariffs after 60 days unless Congress decides otherwise. Both measures have bipartisan support.

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The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.