Congressional Republicans threaten action over Trump's tariffs

Both have said they are very "worried" about talk of tariffs and the potential for a trade war.

The president announced a 10 percent tax on imported aluminum and a 25 percent tax on imported steel, carving out exceptions for imports from Canada and Mexico.

The chairman's counterparts on the House Ways and Means Committee are readying a similar letter that outlines several changes that would narrow Trump's tariff policy.

The speaker pointed to two pieces of must-pass legislation: the Federal Aviation Administration (FAA) reauthorization and the omnibus spending package lawmakers are now negotiating ahead of a March 23 deadline. More prominent critics of the tariffs include former Former Bush White House chief of staff Joshua Bolten and the World Trade Organization. Not a backbencher, even day one Lawmaker interest in NAFTA intensifies amid Trump moves MORE (R-Utah) on Tuesday sent a letter to the president urging him to refocus his efforts on opening markets for US exports without hurting domestic businesses and consumers.

"These so-called "flexible tariffs" are a marriage of two lethal poisons to economic growth - protectionism and uncertainty". "There is a lot of concern among Republican senators that this could sort of metastasize into a larger trade war", Senate Majority Leader Mitch McConnell, R-Ky., told reporters.

Congress has the authority to act on trade issues, but the pendulum has swung in recent years, through court cases and by Congress delegating its authority to the executive branch. "Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big". "I don't think we should be going against the president before we see what the deal is".

Republican Party unity under President Trump lasted about two months.

The president was surrounded by steel and aluminum workers as he explained his decision at a White House ceremony. Sanford said. "I think you could probably point to a fair number of indications that suggest there would be".

Sen. Dick Durbin of IL, the Senate's No. 2 Democrat, said he wanted to see what Trump produces, but he believes Trump is "painting with too broad a brush".

President Donald Trump says he'll hold an afternoon meeting on the steel and aluminum industries.

Wisconsin's three highest-ranking Republicans - House Speaker Paul Ryan, U.S. Sen.

And overseas, Jean-Claude Juncker, president of the European Commission, said the European Union could respond by taxing American goods including bourbon, blue jeans and Harley Davidson motorcycles. The current FAA reauthorization is up March 31, but Congress is likely to pass a temporary fix in the spending bill before a formal reauthorization this summer.

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