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:
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.