US Senate votes to eliminate Trump’s global tariffs

In a significant political development, the US Senate voted 51-47 on Thursday to terminate the national emergency declaration that President Donald Trump used to justify imposing global tariffs in early April. This move, largely symbolic due to prior House restrictions on blocking such tariffs, saw four Republicans join Democrats in supporting the resolution. The vote underscores growing bipartisan dissent against Trump’s aggressive tariff policies, which have aimed to reshape US trade relationships. Earlier in the week, the Senate also passed two resolutions to eliminate duties on goods from Canada and Brazil, further signaling lawmakers’ pushback. Trump’s tariffs, introduced in April, included a 10% levy on all countries and additional ‘reciprocal’ tariffs on nations with significant trade imbalances with the US. The US Supreme Court is set to hear a case challenging the legality of these tariffs on November 5, following lower court rulings that deemed them illegal. According to US Customs and Border Protection, the tariffs have generated approximately $88 billion in tax revenue through August. However, the Tax Foundation warns that these tariffs could increase household taxes by over $1,600 annually and reduce GDP by 0.5% over the next decade.