The effort won’t work in the House….
Not just Yet….
GOP senators could deliver a stinging rebuke of Donald Trump Tuesday, with several indicating they plan to join Democrats in opposing the president’s plan to hike tariffs on Canada.
Republican Sens. Susan Collins and Thom Tillis signaled Monday they intend to back Democratic Sen. Tim Kaine’s resolution that would block Trump’s 25 percent across-the-board tariffs on the nation’s northern neighbor and leading trade partner. The resolution would terminate the national emergency Trump declared last month over fentanyl trafficking and illegal immigration to justify the tariffs.
They’ll join GOP Sen. Rand Paul, a cosponsor of Kaine’s resolution and a strong opponent of tariffs. Sen. Chuck Grassley — one of many farm-state Republicans who has raised particular concerns about the Canadian tariffs — said Monday he hadn’t decided whether to oppose the president.
Collins is worried about potential disruptions to key economic drivers in her home state of Maine, whose economy is closely integrated with Canada’s — for instance: lobstering, pulp and paper, potatoes and blueberries.
“Imposing tariffs on Canada, which is our closest neighbor, [a] friendly ally, is a huge mistake and will cause disruption in the economies of both countries,” said Collins, pointing to the Canadian flag pin she was wearing on her lapel alongside one of the American flag.
Four Republicans would need to join all 47 Senate Democrats in backing Kaine’s resolution for it to win approval, and it’s still unclear if supporters will hit that number. If they do, it would be the GOP Congress’s biggest break with Trump since he took office in January — and it would serve as a warning shot as his economic policies roil markets and threaten core industries across the country.
Still, the resolution has no teeth — it is ultimately a political statement. Any show of opposition in the Senate is likely to die in the House,….
Trump has just announced that the US will raise import taxes/ tariffs on most countries it trades with…..
I’ll have a post later
One would assume the market is going to hemorrhage tomorrow
I believe China get the worst and Canada and Mexico the least
These are JUST Trumps attempt to get countries to the table to get better deals for American manufacturers….
Some countries will deal with
Some will not be so good with this
Remember the American consumer is used to good prices on things that are quality that are NOT even made in America