U.S. media: Trump's tariffs scare Wall Street, some donors are persuading Republican lawmakers to advise the president

ChainCatcher news, according to Axios, the U.S. Republican Party acknowledges that they are feeling pressure from President Trump's tariff policies. Their Wall Street donors are also feeling this pressure, with some expressing dissatisfaction to key Republican lawmakers over the weekend.

Trump is making it clear that he will not tolerate any restrictions on his power to impose tariffs. However, affected Republican donors hope lawmakers will help persuade the president, pointing out that the tariffs are destroying the U.S. economy.

Trump is unhappy with the bill proposed by Senator Maria Cantwell (D-WA) and Chuck Grassley (R-IA). His veto threat sent a message to all Republican senators considering supporting the bill: "Don't even think about it, I don't believe that bill has a future," said Senate Republican leader John Thune.

Lawmakers did not specifically mention the content of their conversations with donors, but their concerns have significantly increased after three consecutive days of turmoil in the U.S. stock market. On the other hand, some Republican senators, particularly Ted Cruz of Texas, have publicly criticized Trump's tariff policy, arguing that it is essentially a tax on American consumers.