Trump cuts tariffs on China
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The Senate voted Thursday to approve a resolution that would block President Trump's tariffs on countries around the world, the third in a trio of rebukes of the president's trade policy this week.
The bipartisan move is symbolic, as the House has passed a rule against legislation to block tariffs this year.
The Senate passed legislation Wednesday that would nullify U.S. tariffs on Canada, just as President Donald Trump is engaged in trade talks in Asia as well as an increasingly bitter trade spat with U.
Senators voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. It’s a largely symbolic vote that comes just days before the Supreme Court hears oral arguments about President Trump’s use of emergency powers to impose the “reciprocal” tariffs.
The Senate passed a resolution Thursday that would undo many of President Donald Trump's tariffs around the globe, the latest note of displeasure at his trade tactics in Washington that came just as the president celebrated his negotiations with China as a success.
Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) operating loss in the current fiscal year due to the impact of U.S. tariffs.
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Trump’s tariffs to face Supreme Court scrutiny
On Nov. 5, the Supreme Court will hear oral arguments in a pair of challenges to President Donald Trump’s power to impose sweeping tariffs on virtually all goods imported into the United States. The economic stakes are massive,
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