In a surprising turn, Congress is rallying against President Trump's tariffs, with bipartisan efforts to revoke them gaining momentum. Senators and House Democrats are pushing for legislation to limit his tariff powers, signaling a potential shift in political dynamics.
In a surprising Senate vote, four Republican senators joined Democrats to pass a resolution ending Trump's tariffs on Canadian goods, highlighting a growing GOP split on trade issues. This decision raises concerns over job losses and impacts on U.S.-Canada relations.
President Trump is taking aim at four GOP senators for backing a resolution to end his emergency declaration on Canadian tariffs, with new tariffs expected to be announced soon.
The S&P 500 has officially entered correction territory, falling more than 10% from its peak as Donald Trump’s escalating trade wars send shockwaves through the market. With tariffs on steel and aluminum now in effect, and threats of new tariffs on European goods, investors are on edge. The Nasdaq Composite is also feeling the pressure as Wall Street grapples with uncertainty and volatility.
