“Speaker Nancy Pelosi will host President Trump’s top trade official on Wednesday, the meeting coming as the president faces backlash from lawmakers in both parties over his increasingly aggressive and controversial trade agenda,” Politico reports.

“Pelosi controls the fate of the trade deal — a successor to the North American Free Trade Agreement — which would need to be ratified by Congress. But the speaker has resisted pressure to move quickly on a vote, saying the pact won’t be considered in the House until several Democratic demands are met, including enforcement measures she wants written into the underlying deal.”

“The political window to consider the agreement is quickly closing, with lawmakers saying the deal must be ratified by the end of the summer or it won’t likely be done at all as Washington shifts to the 2020 presidential election.”

“Theresa May has tried to delay her resignation for almost three months by telling ministers she can get a Brexit deal done if she is allowed to stay as Prime Minister until the end of July,” the Telegraph reports.

Catherine Rampell: “Republicans, of course, are too cowardly to challenge Trump on much of anything. But Democrats, particularly those angling for the presidency, should be shouting from the rooftops. They should be sharing soybean-farmer sob stories and damning stats with any voter still considering following Trump off the protectionist cliff. Especially given academic research finding that ‘Trump Country’ has been hurt most by his trade conflicts.”

“Instead — with rare exceptions — Democrats have been muted or mealy-mouthed in their criticism. Perhaps this is because, when it comes to trade policy, most of them don’t have a leg to stand on.”

Bloomberg: “The European Union is finalizing a list of American goods to target with retaliatory tariffs in the event that U.S. President Donald Trump, who is expected to make a decision by May 18, imposes levies on car imports.”

“A 25 percent U.S. levy on foreign cars would add 10,000 euros to the sticker price of European vehicles imported into the country, according to the European Commission.”

China said it will raise tariffs on $60 billion of U.S. goods effective June 1,:the Washington Post reports.

“The announcement from the finance ministry in Beijing comes days after the United States raised tariffs on some Chinese imports as talks to resolved a trade fight between the countries faltered.”

Secretary of State Mike Pompeo has changed the schedule for his latest trip to Europe, substituting a stop in Brussels for one in Moscow to discuss Iran and other issues with European officials, CBS News reports.