๐ฅ BREAKING: ๐บ๐ธ๐จ๐ฆ US House Passes Legislation to End Trumpโs Tariffs on Canada
The Republican-led U.S. House of Representatives **narrowly passed a resolution (219โ211) to end President Trumpโs tariffs on Canadian imports**, marking a rare bipartisan rebuke of his trade policy. Six Republicans joined Democrats in backing the measure. ๎จ0๎จ
The resolution aims to **terminate the national emergency declaration Trump used to justify imposing tariffs on Canada**, which reached rates of up to 35% on many goods. The vote reflects increasing congressional concern about the economic impact of tariffs on American consumers and North American supply chains. ๎จ1๎จ
While the House vote underscores growing bipartisan unease โ even within Trumpโs own GOP โ the resolution is **unlikely to immediately end the tariffs**. It would need approval by the Senate and Trumpโs signature, or a two-thirds veto override, to become law. The action highlights Congressโs pushback against executive trade authority ahead of a crucial election year. ๎จ2๎จ
This development could influence **USD/CAD FX moves, North American equities, and industrial supply chains** as traders digest signs of rising legislative pressure to curb unilateral trade actions. Watch for **Senate debate, presidential response, and tariff costs on consumer prices** as next catalysts.
