REGULATORY · MARKET STRUCTURE · USA

US House moves to curb Trump’s Canada tariff authority

Change
The US House passed a bill (219–211) to end President Donald Trump’s use of emergency powers to impose tariffs on Canada.
US House moves to curb Trump’s Canada tariff authority
Why it matters
If enacted, the bill would remove the current tariff cost layer on Canada-linked supply chains, changing near-term pricing and sourcing assumptions for importers and manufacturers that have been paying the duty. The vote also signals Congress is willing to constrain the executive’s emergency-tariff tool, increasing the probability of further legislative challenges to similar tariff actions. Companies with cross-border exposure should treat the tariff regime as politically contestable on a faster timeline than waiting for administrative reversal.
Source

Read full article on Al Jazeera →

Topics

World & Politics Policy & Regulation Trade & Tariffs Business & Markets Economy

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