GOP lawmakers exhale deeply after Trump backtracks on trade war

Republican senators breathed out a sigh of relief when they found out at a lunch meeting Wednesday that President Trump announced he would drop tariffs on most foreign trading partners for 90 days, sending the stock market shooting up after a week of turmoil and steep losses.

Many of them were hearing a rising chorus of complaints from farmers, small-business owners and other constituents while also watching their retirement accounts sink in value along with those of millions of other Americans.