In a dramatic move, the U.S. Senate voted 51-47 Thursday to end the national emergency used by former President Donald Trump to justify sweeping global tariffs. While largely symbolic—thanks to House rules blocking similar legislation—the vote signals growing bipartisan resistance to Trump-era trade policies. 💼
Why It Matters
Four Republicans crossed party lines to support the measure, reflecting unease over tariffs that critics say hurt U.S. households and global trade ties. The Washington Post reports lawmakers are increasingly pushing back against using tariffs as a 'negotiation tool.' Earlier this week, the Senate also voted to scrap duties on goods from Canada and Brazil. 🌎
Tariffs Under Fire
Trump’s 2018 tariffs, citing 'trade deficits,' slapped 10% levies on imports from all countries—plus extra fees for nations with large imbalances. The U.S. has collected $88 billion from these taxes since 2018, but studies warn they could cost households $1,600+ annually and shrink GDP by 0.5% over a decade. 📉
Supreme Court Showdown Ahead
All eyes now turn to November 5, when the Supreme Court will hear arguments on the tariffs’ legality after lower courts ruled them illegal. Will SCOTUS side with Trump’s appeal? The decision could reshape U.S. trade strategy for years. ⚖️
