Scoop: Rattled Wall Street donors enlist GOP lawmakers on Trump tariffs

Republicans acknowledge the stress they're feeling from President Trump's tariffs. Their Wall Street donors are feeling it too, with some giving top GOP lawmakers an earful this weekend.Why it matters: Trump is making it clear he won't tolerate any limits on his ability to impose tariffs, Axios scooped Monday. But rattled GOP donors wanted lawmakers to help convince the president that tariffs are crushing the economy.Trump was rankled by the introduction of such a bill by Sens. Maria Cantwell (D-Wash.) and Chuck Grassley (R-Iowa). His veto threat sent a message to any Republican senators thinking about signing onto it: Don't even think about it."I don't think that has a future," Senate GOP leader John Thune (R-S.D.) said of the bill.Lawmakers declined to cite specific donor conversations, but their level of concern is high after three days of stock market chaos.The other side: Some Republican senators, notably Sen. Ted Cruz (R-Texas), are openly critical of Trump's tariffs, insisting they are a tax on American consumers."Every country is freaking out. The American stock market is in decline. Now, we're in the second week. Where do we go from here?" Cruz said on his podcast on Monday.The bottom line: "Uh, yeah. Obviously everybody is concerned," Rep. Mike Simpson (R-Idaho), told Axios when asked if the market reaction is giving lawmakers pause.Simpson said he expects "some members will" raise concerns directly to the administration, telling Axios, "When I've done that, they've listened."Axios' Andrew Solender contributed reporting.

Republicans acknowledge the stress they're feeling from President Trump's tariffs. Their Wall Street donors are feeling it too, with some giving top GOP lawmakers an earful this weekend.Why it matters: Trump is making it clear he won't tolerate any limits on his ability to impose tariffs, Axios scooped Monday.

But rattled GOP donors wanted lawmakers to help convince the president that tariffs are crushing the economy.Trump was rankled by the introduction of such a bill by Sens. Maria Cantwell (D-Wash.

) and Chuck Grassley (R-Iowa). His veto threat sent a message to any Republican senators thinking about signing onto it: Don't even think about it."I don't think that has a future," Senate GOP leader John Thune (R-S.

D.) said of the bill.Lawmakers declined to cite specific donor conversations, but their level of concern is high after three days of stock market chaos.

The other side: Some Republican senators, notably Sen. Ted Cruz (R-Texas), are openly critical of Trump's tariffs, insisting they are a tax on American consumers."Every country is freaking out.

The American stock market is in decline. Now, we're in the second week. Where do we go from here?" Cruz said on his podcast on Monday.

The bottom line: "Uh, yeah. Obviously everybody is concerned," Rep. Mike Simpson (R-Idaho), told Axios when asked if the market reaction is giving lawmakers pause.

Simpson said he expects "some members will" raise concerns directly to the administration, telling Axios, "When I've done that, they've listened."Axios' Andrew Solender contributed reporting..