GOP Senators Call Trump's 25% Canada Tariff A 'Huge Mistake' As Republican Opposition Grows, Markets Fear Economic Disruption
Benzinga (Tue, 01-Apr 2:40 AM)
Several Republican senators are poised to join Democrats in opposing President Donald Trump‘s proposed 25% tariffs on Canada, as market experts warn of potential economic fallout ahead of Wednesday’s anticipated trade announcement.
What Happened: Sen. Susan Collins (R-Maine) confirmed on Monday she plans to back Sen. Tim Kaine‘s (D-Va.) resolution to terminate the national emergency declaration Trump used to justify the tariffs on America’s largest trading partner.
“Imposing tariffs on Canada, which is our closest neighbor, [a] friendly ally, is a huge mistake and will cause disruption in the economies of both countries,” Collins said, according to Politico, while wearing Canadian and U.S. flag pins. She cited potential job losses in key Maine industries, including lobstering, wood pulp, and agricultural production.
Collins is expected to join GOP Sen. ...
