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The Senate has approved a measure pushing back on the 25 percent tariff on Canada imposed by President Trump. The measure, sponsored by Sen. Tim Kaine, D-Va., was approved with GOP support but is not expected to ever come up for a vote in the House.

Economy

Senate rebukes Trump's tariffs on Canada

A bipartisan group of Senators voted to remove the emergency declaration President Trump used to impose 25 percent tariffs on Canada. The vote was largely symbolic since the House isn't expected to act.


Stocks fell sharply in response to President Trump's sweeping tariff announcement Wednesday. The U.S. will impose a minimum 10% tax on nearly all imports, with much higher levies on goods from dozens of countries.

Dow drops 1,500 points on trade war fears over new tariffs

President Trump announced sweeping tariffs on imported goods, which were higher and broader than many expected. The new import taxes are expected to raise prices and slow growth in the U.S., while pushing many other countries into recession.







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