Trump will explain tariffs on electronics on Monday

Trump would veto a bipartisan bill seeking to rein in his authority to impose tariffs, according to a White House statement sent to Senate Republicans and obtained by ABC News. The veto threat was first reported by Axios.

Republican Sen. Chuck Grassley and Democratic Sen. Maria Cantwell introduced legislation last week that would require the president to notify Congress of new tariffs and require it to vote to approve those tariffs within 60 days of their issuance. The bill has six other Republican cosponsors.

-ABC News' Allison Pecorin and Jay O'Brien

Reporters tried to ask Trump about his tariffs and the market volatility as he met Israel's Prime Minister Benjamin Netanyahu outside the White House, but Trump did not respond.

Trump and Netanyahu are expected to discuss tariffs on Israel, which was hit with a 17% rate despite moving to cancel all remaining tariffs on American imports before Trump unveiled his "reciprocal" tariff policy last week.

Mexican President Claudia Sheinbaum on Monday said she'd like avoid imposing reciprocal tariffs on the U.S. "as much as possible."

Sheinbaum said Mexico could impose similar tariffs on steel and aluminum, but worried about the impact for Mexican businesses.

"We prefer to continue the dialogue before any other measure," she said during her daily news conference.

European Union Commission President Ursula von der Leyen said on Monday it is ready to negotiate tariffs with the Trump White House.

"Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," she said.

"But we are also prepared to respond through countermeasures and defend our interests," von der Leyen said, though she emphasized the EU would "prefer to have a negotiated solution."