Sen. Susan Collins (R-Maine) said Monday that she plans to back the resolution led by Sen. Tim Kaine (D-Va.) that would terminate the national emergency Trump declared last month, citing fentanyl trafficking and illegal immigration. Trump has used that declaration to justify 25 percent across-the-board tariffs on America’s northern neighbor and leading trade partner — duties that Trump has threatened to start levying later this week.
Collins:
“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,” warned of potential job losses for her state’s key industriesGOP senators line up with Democrats to oppose Trump’s Canada tariffs
Check out the linked story, it appears this is only a symbolic loss for Trump, tariffs likely to proceed.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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