• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Senate defies Trump on global tariffs as Republicans join Democrats in rare bipartisan vote

by October 30, 2025
written by October 30, 2025

The Senate once again rejected President Donald Trump’s tariffs, this time on a global scale.

Lawmakers in the upper chamber went three for three with resolutions meant to terminate Trump’s use of emergency powers to enact steep tariffs on foreign countries. While the previous two were geared toward specific tariffs on Brazil and Canada, the latest would end tariffs on countries around the world.

Earlier this year, Trump declared through the International Emergency Economic Powers Act that he would enact a base 10% tariff on countries across the world. He argued in his executive order at the time that ‘national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits’ as a reason to pull the trigger on the tariffs.

Since then, senators have grumbled about the tariffs and made moves to terminate his usage of emergency powers throughout the year.

And it’s the second time that this particular resolution from Sen. Ron Wyden, D-Ore., has been considered in the Senate.

The first go-round saw the resolution narrowly defeated 49-49, not because of partisan will but because of absences on the day of the vote. At the time, Sens. Mitch McConnell, R-Ky., and Sheldon Whitehouse, D-R.I., were expected to vote for the resolution but missed their chance.

Fast-forward to October, and McConnell joined a foursome of Republicans, including himself and Sens. Lisa Murkowski, R-Alaska, Susan Collins, R-Maine, and Rand Paul, R-Ky., to strike down Trump’s global tariffs. Those same lawmakers all voted against the previous two resolutions, too.

The other tariff-minded legislation would end Trump’s emergency powers to enact 50% tariffs on Brazilian goods and 35% tariffs on Canadian goods.

But they likely won’t go anywhere in the House, which previously voted to reject undermining Trump’s tariff policy until next year.

Meanwhile, Trump announced that after a ‘truly great’ meeting with Chinese President Xi Jinping that he would lower his fentanyl tariffs on China by 10%. That brings the total level of duties on the country down to 47% from 57%.

The reduction comes after China agreed to help stymie the flow of chemicals into the U.S. that are used to create the dangerous narcotic and to ease export controls on rare earth minerals, which manufacturers in the U.S. rely on to create a variety of goods and electronics.

‘There is enormous respect between our two countries, and that will only be enhanced with what just took place,’ Trump said on Truth Social. ‘We agreed on many things, with others, even of high importance, being very close to resolved.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Red Cross receives two coffins of deceased hostages in Gaza Strip, IDF says
next post
GOP lawmaker says backing Cuomo over ‘communist’ Mamdani a ‘no-brainer’

related articles

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump to sign order instructing DOGE to massively cut federal workforce

    February 12, 2025
  • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

    June 25, 2025
  • Palantir stock jumps 5% as Pentagon backs Maven AI expansion

    March 23, 2026
  • Nasdaq is testing a key support level, which stocks hold the key?

    July 30, 2024
  • Short CRSP: Stock Forms Head and Shoulders Pattern, Eyeing short term Neckline Retest

    July 12, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,396)
  • Stock (981)

Latest Posts

  • Trump set to approve TikTok deal ensuring majority-American investor control: White House

    September 22, 2025
  • UK ready to send troops, jets, ships if Trump clinches Ukraine ceasefire, defense chief says

    December 11, 2025
  • Trump accuses ‘scam artist’ Schiff of lying about Maryland home to commit mortgage fraud

    July 15, 2025

Recent Posts

  • SCOOP: White House backs impeaching ‘rogue’ judges accused of partisan rulings

    January 22, 2026
  • Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets

    January 9, 2025
  • Here’s how the Cabinet Secretaries and their families celebrate the holidays

    December 24, 2025

Editor’s Pick

  • Curtis Sliwa vows to be Zohran Mamdani’s ‘worst nightmare’ if the Democratic socialist wins NYC mayoral race

    October 23, 2025
  • Gold near $5,000/oz: physical vs. paper- what’s the smarter buy?

    January 26, 2026
  • SCOOP: Freedom Caucus threatens to force vote on Al Green measure if Johnson doesn’t act

    March 12, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock