READ MORE: Mexico warns U.S. proposed tariffs could damage economy, cause influx of migrants
The public split and looming standoff over 5% tariffs on all goods imported from Mexico revealed a fundamental divergence in values between the president and his party. Trump uses tariffs as leverage to get what he wants — in this case to force Mexico to do more to halt illegal immigration. For Republicans, tariffs are counter to firmly rooted orthodoxy and viewed as nothing more than taxes they strenuously oppose.Senate Majority Leader Mitch McConnell said with understatement, “There is not much support in my conference for tariffs, that’s for sure.”At a lengthy closed-door lunch meeting at the Capitol, senators took turns warning Trump officials there could be trouble if the GOP-held Senate votes on disapproving the tariffs. Congressional rejection would be a stiff rebuke to Trump, even more forceful than an earlier effort to prevent him from shifting money to build his long-promised border wall with Mexico.WATCH: Trump tells Mexico to stop ‘invasion’ of migrants, threatens more tariffs
READ MORE: 400 Central American migrants cross into Mexico, aim to reach U.S. border
The GOP opposition is grounded in fears over what Trump’s tariffs would do to the livelihoods of ordinary Americans. Senators worry they would spike U.S. consumers’ costs, harm the economy and imperil a major pending US-Mexico-Canada trade deal.With jitters running high, Federal Reserve Chairman Jerome Powell said Tuesday he’s prepared to respond to protect the economy, and stocks rallied on that signal that the Fed will likely cut interest rates later this year.Mexico is concerned about the tariffs as well, but top officials seemed optimistic about a resolution.WATCH: Mexico hopes for migration deal as U.S. tariffs loom
READ MORE: Trump’s plan to put more tariffs on Mexico threatens new NAFTA: experts
“But I think it’s more likely that the tariffs go on,” he said. He also said he doubted Republicans in Congress would muster the votes against him. “If they do, it’s foolish.”The Mexican officials arrived in Washington over the weekend as Mexico launched a diplomatic counteroffensive and fresh negotiations. On Tuesday, Mexico’s trade negotiator Jesus Seade was meeting with U.S. Trade Representative Robert Lighthizer, and Ebrard will meet Wednesday with Secretary of State Mike Pompeo.Republican senators are hopeful those talks will prevent the tariffs. But if negotiations should fail, the lawmakers warn they may have no choice but to take action to stop Trump.“Our hope is the tariffs will be avoided,” McConnell said.Lawmakers and business allies worry the tariffs will derail the long-promised United-States-Mexico-Canada trade deal— a rewrite of the North American Free Trade Agreement that Trump campaigned against and promised to replace.WATCH: Trump doubles down on tariff threat as Mexico tries to negotiate with U.S.
READ MORE: Congress’ challenge of U.S.-Mexico border wall funding rejected by federal judge
But lawmakers say they can quickly vote on a resolution to disapprove. That’s what happened earlier this year when Congress, stunned by Trump’s claim of executive power, tried to block him from taking funds for the border wall with Mexico. Congress voted to disapprove of Trump’s actions, but the president vetoed the resolution.This time, Republicans warn the numbers could be higher against the president — possibly a veto-proof majority in the Senate. But it’s unclear the president could be blocked in the House where Republicans may be less likely to oppose him.Democrats — and some Republicans — doubt the tariffs will ever take effect. Senate Democratic leader Chuck Schumer said Tuesday that “Trump has a habit of talking tough and then retreating.”WATCH: The auto sector may be impacted most by Mexico tariffs
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