Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

Senate Republicans defect, reject Trump’s tariffs on Canadian goods

by
October 30, 2025
in Latest News
0
Senate Republicans defect, reject Trump’s tariffs on Canadian goods

A small contingent of Senate Republicans again joined with Senate Democrats to reject President Donald Trump’s tariffs — this time on Canadian goods.

The Senate advanced a resolution from Sen. Tim Kaine, D-Va., on a bipartisan basis to terminate the emergency powers Trump used to declare retaliatory tariffs against Canada earlier this year.

Roughly the same core group of Republicans, Susan Collins of Maine, Rand Paul and Mitch McConnell of Kentucky, and Lisa Murkowski of Alaska, joined Senate Democrats to reject the duties. Sen. Thom Tillis, R-N.C., opted to vote against this latest attempt to reject Trump’s tariffs. 

‘The vice president came up yesterday to try to corral Republicans at their lunch,’ Kaine said before the lunch. ‘That shows the White House is worried about defectors on this.’

Indeed, their votes against Trump’s tariffs on Canada came after Vice President JD Vance warned Republicans that it would be a ‘huge mistake’ to break with the White House on the president’s tariff strategy, and he argued that using duties on countries across the globe offered leverage to generate better trade deals in return.

Paul, one of the co-sponsors of Kaine’s resolution, has consistently rejected Trump’s usage of tariffs and argued that it was a tax on consumers in the U.S. rather than on foreign countries.

He noted that the message it would send to the White House, despite pressure from Vance to support Trump’s duties, was ‘that a rule by emergency is not what the Constitution intended, that taxes are supposed to originate in the House of Representatives.’

The resolution was in response to Trump’s usage of the International Emergency Economic Powers Act in July to impose tariffs on Canadian goods. The tariffs on the country vary, with Trump initially placing 35% duties on the country earlier this year, along with a blanket 50% tariff on steel from other countries.

However, he recently cranked up the tariffs on Canada by 10% following an ad that ran last week that featured former President Ronald Reagan, which used audio from the former president’s 1987 ‘Radio Address to the Nation on Free and Fair Trade.’

Trump railed against the ad, which was run by the government of Ontario, Canada, and declared, ‘ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,’ in a post on Truth Social.

The latest tariff vote is the second in a trio of resolutions from Kaine and several Senate Democrats. Despite the resolution terminating Trump’s emergency powers on tariffs in Brazil and Canada both advancing in the Senate, they will likely stall in the House.

McConnell staked his position against the tariffs in a statement, where he argued that retaliatory tariffs have negatively affected Kentucky farmers and distillers.

‘Tariffs make both building and buying in America more expensive. The economic harms of trade wars are not the exception to history, but the rule. And no cross-eyed reading of Reagan will reveal otherwise,’ he said. ‘This week, I will vote in favor of resolutions to end emergency tariff authorities.’

This post appeared first on FOX NEWS
Previous Post

New children’s book seeks to teach kids Halloween’s real meaning — and it’s not ‘glorifying darkness’

Next Post

‘Squad’ Dem dishes out campaign cash to anti-Israel nonprofit tied to ‘Terrorist University’

Next Post
‘Squad’ Dem dishes out campaign cash to anti-Israel nonprofit tied to ‘Terrorist University’

‘Squad’ Dem dishes out campaign cash to anti-Israel nonprofit tied to ‘Terrorist University’

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Bitcoin Nears $85K Amid Market Optimism

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

September 4, 2025
Israel says remains of three people handed over by Hamas do not match any deceased hostages

Israel says remains of three people handed over by Hamas do not match any deceased hostages

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
Israel says remains of three people handed over by Hamas do not match any deceased hostages

Israel says remains of three people handed over by Hamas do not match any deceased hostages

November 1, 2025
Acquittal of man who urged violence against Trump puts First Amendment in spotlight

Acquittal of man who urged violence against Trump puts First Amendment in spotlight

November 1, 2025
Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

November 1, 2025
Bipartisan senators call on Hegseth to release strike orders on alleged drug boats in Caribbean

Bipartisan senators call on Hegseth to release strike orders on alleged drug boats in Caribbean

November 1, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Israel says remains of three people handed over by Hamas do not match any deceased hostages

    Israel says remains of three people handed over by Hamas do not match any deceased hostages

    November 1, 2025
    Acquittal of man who urged violence against Trump puts First Amendment in spotlight

    Acquittal of man who urged violence against Trump puts First Amendment in spotlight

    November 1, 2025
    Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

    Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

    November 1, 2025
    Bipartisan senators call on Hegseth to release strike orders on alleged drug boats in Caribbean

    Bipartisan senators call on Hegseth to release strike orders on alleged drug boats in Caribbean

    November 1, 2025

    Top News

    Israel says remains of three people handed over by Hamas do not match any deceased hostages

    Israel says remains of three people handed over by Hamas do not match any deceased hostages

    November 1, 2025
    Acquittal of man who urged violence against Trump puts First Amendment in spotlight

    Acquittal of man who urged violence against Trump puts First Amendment in spotlight

    November 1, 2025

    Latest News

    • Israel says remains of three people handed over by Hamas do not match any deceased hostages
    • Acquittal of man who urged violence against Trump puts First Amendment in spotlight
    • Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.