Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil.

Trump on Tuesday threatened to double tariffs on Canadian steel and aluminum imports in response to Ontario Premier Doug Ford’s plan to issue a retaliatory surcharge on electricity to a trio of states. Ford backed off and Trump reversed course hours later, promising talks in Washington on Thursday about a renewal of the U.S.-Mexico-Canada Agreement (USMCA) before reciprocal tariffs go into effect early next month.

But Senate Republicans are fretting that if the tariff tit for tat isn’t resolved — and quickly — both Trump and American consumers will feel the pinch.

“If we have the same problem in May without some sort of signal that it’s tailed off or plateaued or changed direction, I would expect a little more angst,” Sen. Kevin Cramer (R-N.D.) said on Tuesday evening following Trump’s walk-back. “But for now … most Americans are looking at it going, ‘Well, this is what the transition looks like I guess, so we can do that. We can live through that.’”

GOP senators also see the latest tariff whiplash as evidence of Trump trying to figure out how far he can go in........

© The Hill