SPONSORED:

GOP senator to back bill to 'rein in' Trump's trade authority

GOP senator to back bill to 'rein in' Trump's trade authority
© Greg Nash

GOP Sen. Pat ToomeyPatrick (Pat) Joseph ToomeyBlack women look to build upon gains in coming elections Watch live: GOP senators present new infrastructure proposal Sasse rebuked by Nebraska Republican Party over impeachment vote MORE (Pa.) on Friday announced that he would back legislation to rein in President TrumpDonald TrumpIran claims U.S. to lift all oil sanctions but State Department says 'nothing is agreed' Ivanka Trump, Kushner distance themselves from Trump claims on election: CNN Overnight Defense: Joint Chiefs chairman clashes with GOP on critical race theory | House bill introduced to overhaul military justice system as sexual assault reform builds momentum MORE's trade authority, underscoring growing GOP frustration with the administration's recent policy decisions.

“Congress should assert its constitutional responsibility and lead on trade policy so Americans keep access to affordable goods and services, and the opportunity to sell our products abroad,” Toomey said in a string of tweets explaining his decision to support Sen. Mike LeeMichael (Mike) Shumway LeeDemocrats block GOP bill to lift mask mandate on public transportation Senate confirms Biden pick for No. 2 role at Interior Big Tech critic Lina Khan named chair of the FTC MORE's (R-Utah) bill.

ADVERTISEMENT

 

The Trump administration on Thursday announced it would place steel and aluminum tariffs on the European Union, Canada and Mexico, ending the temporary exemptions for the key trading allies despite their two months of lobbying to avoid the tariffs.

Toomey said that implementing the tariffs under the guise of national security “weakens our credibility.”  

“Claiming steel bought from our allies is a ‘national security’ threat weakens our credibility. These tariffs, i.e. taxes, hurt American workers, employers, and consumers,” Toomey tweeted Friday.

He added that Lee's legislation would "rein in" Trump's ability to impose similar tariffs.  

If passed, the bill would require congressional approval for Trump’s trade actions, including tariffs.

Aside from Toomey and Lee, three GOP senators are officially backing the legislation: Sens. Jeff FlakeJeffrey (Jeff) Lane FlakeOn The Trail: Arizona is microcosm of battle for the GOP Trump looms large over fractured Arizona GOP Why Republican politicians are sticking with Trump MORE (Ariz.), Cory GardnerCory GardnerEx-Sen. Cory Gardner joins lobbying firm Biden administration reverses Trump changes it says 'undermined' conservation program Gardner to lead new GOP super PAC ahead of midterms MORE (Colo.) and Ben SasseBen SasseGOP senators applaud Biden for global vaccine donation plans Pence: Trump and I may never 'see eye to eye' on events of Jan. 6 White House: Biden will not appoint presidential Jan. 6 commission MORE (Neb.).

Republican senators have publicly fretted for months that Trump's trade policies would spark retaliation from other countries. 

Trump's recent moves, including exploring separate tariffs on imported autos, have poured fuel on the tensions between Trump and GOP lawmakers, who have fundamentally different approaches to trade.

Republicans have also been upfront about the fact that they are worried Trump's trade moves could roil the economy months before a midterm election, undoing what they view as a boost from last year's tax bill.

“If this devolves into a full-blown trade war, the resulting harm will undo all of the great economic progress we’ve made with deregulation and tax reform,” Toomey added Friday.

Toomey’s support could represent a major get for Lee’s legislation. The GOP senator is considered to be within the mainstream of the Senate Republican caucuses’ thinking on financial issues and he helped craft a deal that paved the way for last year's tax bill.

Asked last week about Toomey’s assertion that tariffs on imported autos were a “bad idea,” Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellCan Manchin answer his predecessor's call on voting rights? Biden at Sen. John Warner's funeral: He 'gave me confidence' Democrats' narrow chance to retain control after 2022 MORE (R-Ky.) noted that he normally agrees with the Pennsylvania senator on the issue.  

“I tend to agree with Toomey on that. I hope we can avoid getting into any kind of tariff situation,” Senate Majority Leader Mitch McConnell (R-Ky.) told Fox News. “I think all of us are hoping that all of this back and forth discussion about trade doesn’t end up leading into the implementation of tariffs or some larger trade war.”