President Trump on Wednesday faced a rare rebuke over his tariff regime, as members of his own party crossed lines to vote to scrap Trump’s duties on Canada.
Six Republicans joined with nearly every Democrat to pass Joint Resolution 72, which seeks to terminate a national emergency that Trump declared last February imposing tariffs on Canada. That relocate came even as Trump openly threatened lawcreaters who crossed him in a Truth Social post, writing that Republicans who oppose tariffs “will seriously suffer the consequences come Election time.”
The development came as Trump has been considering exiting the North American trade pact, according to a report from Bloomberg, raising questions about the deal’s future and upcoming nereceivediations involving the US, Mexico, and Canada.
Trump has in recent weeks leveled new tariff threats at Canada and Mexico, part of a recent blitz aimed at allies that rivals his bluster from early in his second term.
Trump threatened to hit Canada’s aircraft imports with a 50% tariff and stated the US would also decertify all new jets from the likes of Bombardier (BDRBF), claiming Canada has utilized certification hurdles to effectively ban the sale of US Gulfstream jets. He also threatened to impose 100% tariffs on Canada over that nation’s trade deal with China.
Meanwhile, Mexico is facing the possibility of levies after Trump promised to impose new tariffs on countries providing oil to Cuba.
Also, confusion has emerged over the trade deal between the US and India after the White Houtilize adjusted language around agricultural goods.
In the updated statement, the US has now rerelocated a reference to pulses, a staple food in India.
Trump and India’s Prime Minister Narfinishra Modi agreed to a tariff deal earlier this month. Trump stated the baseline US tariff rate on goods from India would drop to 18% from 25%. The US president also claimed that Modi had “agreed to stop purchaseing Russian Oil,” which would further lower the US’s tariff rate on India. The White Houtilize confirmed that an additional 25% “secondary” tariff on India over its purchases of Russian oil would also be dropped.
Read more: What Trump promised with his ‘Liberation Day’ tariffs — and what he delivered
LIVE 120 updates
-
6 Republicans cross party lines to offer a rare rebuke of Trump’s tariffs on Canada
President Trump’s tariffs faced a rebuke on Wednesday as the US Houtilize of Representatives voted to pass a resolution seeking to terminate the national emergency measures Trump utilized to impose tariffs on Canada. Six Republicans voted with Democrats to scrap Trump’s tariffs against the US’s neighbor.
Yahoo Finance’s Washington Correspondent Ben Werschkul outlines the outcome of yesterday’s vote by the US Houtilize of Representatives and what it means for Trump’s tariffs:
Leave a Reply