Democrats and the Chinese government agree: Trump’s latest regulatory action is terrifying

The SEC's proposal to repeal the greenhouse-gas and climate-risk disclosure rule has drawn broad criticism, with Democrats and the Chinese government calling the move "terrifying." The administration argues the rollback will save about $670 million in regulatory costs, but legal questions — including how tariff refunds and other implementation issues are handled — could complicate outcomes. Critics say the change would erode protections and benefit foreign competitors, while political allies emphasize other policy wins to defend the administration's record.