US House rejects GOP bid to block challenges to Trump’s Canada tariffs, opening door for Democratic votes.
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Trump suspended the 25% tariffs he had imposed this week on most goods from Canada and Mexico, Reuters reported on Thursday
President Donald Trump announced on Tuesday his tariff plans for Canada and Mexico—most imports from both countries are now subject to 25% levies—making the tariffs effective immediately
While it makes for dramatic headlines, Trump’s tariff strategy carries significant risks — higher inflation, job losses, economic uncertainty, and a loss of U.S. credibility on the world stage.