President Trump on Monday threatened to reject Senate resolutions aimed at blocking the imposition of tariffs in many countries.
In a statement of management policy acquired by Hill, the Office of Management and Budget said Trump would reject the resolution introduced by Sen. Ron Wyden (d-ore.).
Wyden, a top Democrat on the Senate Finance Committee, introduced the resolution earlier this month as a way for Congress to hold Trump down through trade.
Senate votes on the law are expected by the weekend and could occur as early as Wednesday.
The Wyden bill would reverse Trump’s 10% tariffs on all imports and prevent them from imposing additional tariffs of up to 49% on various countries.
Lawmakers from both sides of the aisle have shown they support checking the president’s trade authorities in light of Trump’s latest actions that sparked a growing fear of the recession.
Another Senate bill would limit Trump’s ability to impose unilateral tariffs without Congressional approval. The signing was made by seven Republican senators, including Sen. Chuck Grassley of Iowa, and former Senate Republican leader, Sen. Mitch McConnell of Kentucky.
Trump imposed “mutual” tariffs on trading partners on April 2nd. The White House was called “liberation day,” rattling the market, leading to calls from lawmakers and Wall Street.
On April 9, the president suspended large tariffs on his trading partners for 90 days, maintaining a 10% tariff, and increasing China’s tariffs to a total of 145%.
The administrative staff is in conversation with trading partners to reach a customs transaction before the 90-day period expires, but the transaction is not finalized.
