Vote in US Congress on Tuesday to block blanket tariffs on Canada could rebuke Trump ...Middle East

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Vote in US Congress on Tuesday to block blanket tariffs on Canada could rebuke Trump

Politico reports that Republican senators Collins and Tillis are poised to follow Rand Paul in joining Democrates in a vote to block blanket tariffs on Canada.

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 industries

    Link here for more:

    GOP 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.

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