Fashion

US Senate passes legislation challenging Trump’s tariffs on Canada

Published

on



The US Senate recently voted 50-46 to pass bipartisan legislation that would nullify US tariffs on Canada.

The legislation was introduced by Democratic Senators Tim Kaine, Amy Klobuchar and Mark R Warner, Senate minority leader Chuck Schumer and Republican Senator Rand Paul to challenge President Donald Trump’s International Emergency Economic Powers Act (IEPPA) tariffs on Canada.

The US Senate recently voted 50-46 to pass bipartisan legislation that would nullify US tariffs on Canada.
The legislation was introduced to challenge President Donald Trump’s International Emergency Economic Powers Act tariffs on Canada.
The legislation is supported by several organisations, including the AFL-CIO, Small Business Majority, the US Chamber of Commerce, AAFA and NRF.

The vote came shortly after newly released inflation data showed that consumer prices rose in September at their fastest pace in eight months, a release from the office of Virginia Senator Kaine said.

Public opinion surveys have overwhelmingly demonstrated that the American people do not support Trump’s trade wars, the release noted.

“In order to strengthen our weakening economy, we need stability and strong relationships around the world—not chaotic trade wars that raise prices, shut American businesses out of foreign markets and decrease tourism to the US,” said Kaine.

“Now it’s time for the House [of Representatives] to stop playing procedural tricks to hide from its constitutional responsibility to stop President Trump from abusing his authority to unilaterally impose new taxes on the American people,” he noted.

“We can’t afford to keep raising costs, hurting businesses, and eliminating jobs by attacking our neighbour and ally,” said Klobuchar.

“President Trump’s tariffs are driving up prices for families, raising costs for small businesses, and creating completely unnecessary uncertainty for our economy,” said Warner.

The legislation is supported by the AFL-CIO, United Steelworkers, North America’s Building Trades Unions, International Federation of Professional and Technical Engineers, Conference of Mayors, Public Citizen, National Association of Women Owned Businesses, Mainstreet Alliance, Small Business Majority, National Taxpayers Union, the US Chamber of Commerce, the American Apparel & Footwear Association and the National Retail Federation.

Fibre2Fashion News Desk (DS)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version