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Republicans and a conservative think tank sound the alarm over Trump's tariffs

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Sen. Ted Cruz says a prolonged trade war could cost Republicans control of Congress .

Sen. Rand Paul says tariffs are taxes and Americans are paying the price.

The White House says it would veto a bipartisan bill limiting the president's ability to unilaterally impose tariffs.

A conservative think tank says the formula Trump ’s team used to determine the tariffs it would impose on U.S. trading partners is riddled with errors.

Musk said in an interview with Matteo Salvini, Italy ’s deputy prime minister, over the weekend that Europe and the U.S. should move to a zero -tariff situation.

Trump is not budging on the tariffs, but threatened to escalate the trade war with China .

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