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 ToomeyDunford withdraws from consideration to chair coronavirus oversight panel GOP senators push for quick, partial reopening of economy NSA improperly collected US phone records in October, new documents show MORE (Pa.) on Friday announced that he would back legislation to rein in President TrumpDonald John TrumpProgressive group launches M pro-Biden ad buy targeting young voters Ilhan Omar: GOP response to calls for police reform 'was vicious' White House considers sweeping travel ban on members, families of the Chinese Communist Party: report 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 LeeCongressional inconsistency continues regarding war powers Koch-backed group urges Senate to oppose 'bailouts' of states in new ads Gianforte halts in-person campaigning after wife, running mate attend event with Guilfoyle MORE's (R-Utah) bill.

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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 FlakeCheney clashes with Trump Sessions-Tuberville Senate runoff heats up in Alabama GOP lawmakers stick to Trump amid new criticism MORE (Ariz.), Cory GardnerCory Scott GardnerHickenlooper reports record fundraising haul in Colorado Senate bid Trump hits road to ignite stalled campaign The four China strategies Trump or Biden will need to consider MORE (Colo.) and Ben SasseBenjamin (Ben) Eric SasseUS praises British ban on China's Huawei after pressure campaign Meadows trying to root out suspected White House leakers by feeding them info: Axios Koch-backed group urges Senate to oppose 'bailouts' of states in new ads 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 McConnellProgressive group launches M pro-Biden ad buy targeting young voters Pelosi signals flexibility on size of renewed unemployment payments Lincoln Project reports raising .8 million for anti-Trump efforts 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.”