Trump Unveils Sweeping Global Tariffs

TOPSHOT - US President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025. Trump geared up to unveil sweeping new "Liberation Day" tariffs in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. (Photo by Brendan SMIALOWSKI / AFP) Photo by BRENDAN SMIALOWSKI/AFP via Getty Images

Senate Approves Resolution to Nullify Trump’s Tariffs on Canada

By Andrew Moran and Arjun Singh

Apr 02

Sen. Tim Kaine (D-Va.) (C) speaks alongside Senate Minority Leader Charles Schumer (D-N.Y.) (R) and Sen. Peter Welch (D-Vt.) at a press conference at the U.S. Capitol in Washington on April 2, 2025. Kevin Dietsch/Getty Images

Senate efforts to overturn President Donald Trump’s tariffs on Canadian goods entering the United States succeeded in a symbolic move.

S.J. Res. 37, legislation introduced by Sen. Tim Kaine (D-Va.) to scrap the 1977 International Emergency Economic Powers Act (IEEPA), was approved in a 51-48 vote.

Four Republicans—Sens. Rand Paul (R-Ky.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska) and Mitch McConnell (R-Ky.)—voted with Democrats to pass the measure.

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US Stocks Extend Losses, Asian Markets Deep in the Red

By Andrew Moran

Apr 02

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