Trump will explain tariffs on electronics on Monday

In floor remarks Monday afternoon, Minority Leader Chuck Schumer called on Trump to reverse course on tariffs as concerns about a recession grow.

"If a recession does happen, it'll be known as the Trump recession. I urge the President to back off from his disastrous tariffs immediately," Schumer said. "He should put down the golf clubs and pick up the papers because the disaster he has created is anything but great."

Schumer also urged Senate Majority Leader John Thune to lead passage of legislation to rein in Trump's tariff authority.

"Congress must immediately take back power from Donald Trump before he causes more damage to the economy. Thune has a responsibility to listen to American families worried about the price of groceries worried about their retirement worried about keeping their jobs worried about the future," Schumer said.

-ABC News' Allison Pecorin

White House officials have been inconsistent on whether the tariffs are a non-negotiable, fixed tool in Trump’s economic playbook or if they represent an opportunity for dealmaking with other nations.

Trump was asked about the mixed messaging during his Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu.

“Well, it could be -- it can both be true," Trump responded. "There can be permanent tariffs and there can also be negotiations because there are things that we need beyond tariffs."

"So we're going to get fair deals and good deals with every country," he added. "And if we don't, we're going to have nothing to do with them. They're not going to be allowed to participate in the United States."

ABC News Chief White House Correspondent Mary Bruce asked Trump on Monday: "Would you be open to a pause in tariffs to allow for negotiation?"

"Well, we're not looking at that," he responded. "We have many, many, countries that are coming to negotiate deals with us, and they're going to be fair deals. And and in certain cases, they're going to be be paying substantial tariffs. There will be fair deals."

President Trump and Israel's Prime Minister Benjamin Netanyahu discussed trade and tariffs in their Oval Office meeting on Monday.

"I can tell you that I said to the president a very simple thing. We will eliminate the trade deficit with the United States. We intend to do it very quickly," Netanyahu told reporters. "We think it's the right thing to do, and we're going to also eliminate, trade barriers, variety of trade barriers that have been put up unnecessarily."

"And I think Israel can serve as a model for many countries who ought to do the same," he said.