'Carveouts': Report claims Republicans scrambling to protect selves from new Trump tariffs

Republican lawmakers are shuddering as they prepare for President Donald Trump's next wave of tariffs which he's promised to announce on Wednesday, Politico reported — and they're scrambling to work with industry groups to secure carveouts for their own states.

Economists have been sounding the alarm about the destructive impact of the president's proposed tariffs since before he was elected, warning the sharp new import taxes on goods, materials and components across a variety of industries could shrink the economy and raise prices.