FIRST AIRED: March 4, 2018

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>> Members of President Donald Trump's own Republican Party are raising alarms over his trade threats.>> You're punishing the American consumer and our allies. You're making a huge mistake here.>> The warnings from lawmakers coming after Trump said the US might tax European car makers if the EU retaliates against his plan for new barriers on steel and aluminum.
>> Taxing European car imports hurts BMW cuz they can do the same thing to us. BMW makes more cars in Greenville, South Carolina than any plant in the entire BMW family.>> Last week, Trump threatened a 25% tariff on steel and 10% on aluminum.>> People are gonna have to pay these tariffs, are gonna be the American citizens.
>> It would be pushing jobs out of Wisconsin, out of America, and encouraging companies to up and move to, say, Canada or somewhere else.>> The announcement sparked furious criticism from US trading partners and this warning from China on Sunday.>>
> China does not want to fight a trade war with the United States, but we absolutely will not sit by and watch as China's interests are damaged.
>> The White House claims that foreign producers are unfairly flooding the market with cheap metal, harming American steel producers The President also cited national security needs for domestic steel industry to construct warships and armor.>> The President said, correctly, that we don't have a country unless we have an aluminum industry and a steel industry.
>> On Sunday, Commerce Secretary Wilbur Ross said Trump was talking with world leaders, but that the President has no plans to offer any countries an exemption to the planned tariffs.