The Senate vote came just hours after Trump unveiled a host of new tariffs on what he dubbed "Liberation Day."
This analysis from the CSIS Economics Program and Scholl Chair in International Business unpacks the April 2 tariff announcements from the White House.
3don MSN
As President Donald Trump’s tariff plan nears, Canadian politician Maxime Bernier calls for scrapping all tariffs, saying Canada’s duties hurt its own people more than the U.S., and a new trade era should begin.
The vote marked the greatest legislative blemish of Trump’s second term and came just hours after he announced “Liberation Day” duties.
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
While President Trump called Wednesday's impending tariffs announcement a "liberation day" for the nation, American consumers hold their breath to see how expensive goods will become.
It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.
President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.
President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.