The Senate voted Wednesday evening to revoke the emergency declaration President Donald Trump is using to impose duties on Canada, a bipartisan rebuke that came on the heels of his announcement of sweeping new global tariffs.
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
President Donald Trump announced his gargantuan "Liberation Day" tariffs. They impose 10% tariffs on imports from almost every nation in
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
‘Tariffs are absolute job killers’: Trump’s ‘Liberation Day’ tariffs prompt swift reaction in Canada
President Trump calls today Liberation Day. With so many American jobs on the line, I call it Termination Day,” Ontario Premier Doug Ford said after tariff announcement April 2.
While President Trump called Wednesday's impending tariffs announcement a "liberation day" for the nation, American consumers hold their breath to see how expensive goods will become.
Canada is bracing for the fallout of President Donald Trump’s escalating trade war, with economists warning of spiking grocery prices, major job losses and even a potential recession if threatened
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."