US media: Trump's tariffs scare Wall Street, some donors woo Republican lawmakers to advise the president

Planet Daily News: The Republican Party acknowledges the pressure they are experiencing due to President Trump's tariff policies. Their Wall Street donors are also feeling this pressure, with some expressing dissatisfaction to key Republican lawmakers over the weekend. Trump is making it clear that he will not tolerate any limitations on his power to impose tariffs. However, the impacted Republican donors hope that lawmakers will help persuade the president, pointing out that tariffs are destroying the American economy. Trump is displeased with the bill proposed by Senator Maria Cantwell (Democrat from Washington) and Chuck Grassley (Republican from Iowa). His veto threat sends a message to all Republican senators considering supporting the bill: "Don't even think about it." "I don't think that bill has a future," said Senate Republican Leader John Thune. Lawmakers did not specifically mention the content of their conversations with donors, but their concerns have significantly increased after three consecutive days of stock market volatility. On the other hand, some Republican senators, especially Ted Cruz from Texas, have openly criticized Trump's tariff policies, arguing that they are effectively a tax on American consumers. (Axios)