Democrats Are Hatching a Plan to Reverse Trump’s Canada Tariffs: WSJ
- Following Tuesday's midterm elections where Democrats secured control of both the Senate and the House, the party's first legislative target is President Donald Trump's tariffs on trade with Canada, according to a Wall Street Journal report on Thursday.
- President Trump imposed 50% tariffs on Canadian imports in August after trade talks with Canadian Prime Minister Mark Carney failed to soothe tensions between the neighboring countries.
- Senator Ron Wyden, the incoming Senate Finance Committee chair, stated there is "overwhelming support" for tariff repeal and noted that some Republicans may join Democrats to override a potential presidential veto.
- Capitol Hill sources indicated lawmakers may challenge presidential authorities under the Tariff Act of 1930 or the Trade Act of 1974, though analysts doubt Congress can fully limit Trump's power while he remains in office.
- The newly-won Democratic majority will not be sworn in until January 2027, but behind-the-scenes discussions about rolling back the tariffs have already begun among elected Democrats, according to the Wall Street Journal.
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In states like Michigan, Maine and Alaska, the removal of tariffs has also received support from some Republicans. The post Democrats Target Trump Tariffs on Canada appeared first on in.gr.
Zero Hedge
BizTocCanada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump's Smoot-Hawley Levies... But Veto Math Says Good Luck
Canada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump's Smoot-Hawley Levies... But Veto Math Says Good Luck Three days after a blue tsunami swept both chambers, Democrats have picked their first trade fight, and it's the one they have already won three times.According to the WSJ, Democrats are eyeing President Trump's trade war with Canada as the first target in a campaign to roll back the administration's tariff agenda,…
Our front page: Once in control of Congress, Democrats plan to target tariffs
The top stories from the latest issue of Inside U.S. Trade, the weekly. Democrats, soon to be in control, promise tariff-reining actions. The likely next chair of the Senate Finance Committee, Ron Wyden (D-OR), said his panel would begin “to reassert congressional authority over our country’s trade policy to bring down costs” when the Democrats assume the majority in the next Congress. One of committee members, Sen. Peter Welch (D-VT), prior t…
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Carney welcomes Democrats’ push to end Trump’s tariffs on Canada after midterm victory
TORONTO (AP) — Canadian Prime Minister Mark Carney welcomed a Democratic push to repeal U.S. President Donald Trump’s tariffs on Canada after their sweeping midterm victory, saying Friday that restoring free trade would lower costs for American families and benefit U.S. workers, even as Ottawa continues negotiating with Washington. “We welcome any moves to restore...
Carney welcomes Democrats’ push to end Trump’s tariffs on Canada after midterm victory – WTOP News
TORONTO (AP) — Canadian Prime Minister Mark Carney welcomed a Democratic push to repeal U.S. President Donald Trump’s tariffs on Canada after their sweeping midterm victory, saying Friday that restoring free trade would lower costs for American families and benefit U.S. workers, even as Ottawa continues negotiating with Washington. “We welcome any moves to restore...
Trump's Canada tariffs may be Democrats' first legislative target after midterm success
Oregon’s Senator Ron Wyden stated that there is “overwhelming support” for the repeal of the tariffs and that he had already begun discussing legislative strategy with his Democratic colleagues.
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