US Senate approves decision to lift Trump's global tariffs
Photo: Donald Trump, President of the United States (Getty Images)
Today, October 30, the US Senate voted to lift the global tariffs imposed by American leader Donald Trump on the EU, Japan, and South Korea, The Hill reports.
The vote came after the Senate previously supported the removal of global tariffs against Canada and Brazil.
Four Republican senators joined Democrats in approving a bipartisan resolution that removes high tariffs on the European Union, Japan, and South Korea.
This vote was a reconsideration of the initiative after the resolution failed in the Senate in April due to a tie vote. At that time, the tie-breaking vote was cast by Vice President JD Vance.
The outlet notes that the House of Representatives is unlikely to bring this issue to a vote.
Earlier, Trump reduced Chinese tariffs after a "truly great" meeting with President Xi Jinping in South Korea. He told reporters aboard Air Force One that the US would decrease tariffs on China imposed over fentanyl by 10 points.
Trump’s global tariffs
In April, Donald Trump imposed unprecedented tariffs on imports from over 180 countries worldwide, with rates ranging from 10 to 50%.
On that day, speaking in the Rose Garden near the White House, Trump announced very good news.
However, by April 9, the American leader suspended these tariffs. The US began negotiations on additional tariffs with more than 75 countries that requested talks.
After several delays, tariffs for countries with which the United States did not sign agreements came into effect on August 1.
At the end of August, the US Court of Appeals ruled that the Trump administration's tariffs were illegal. It was determined that the 1977 International Emergency Economic Powers Act does not grant the President the authority to impose such large-scale import taxes.
In response to the decision, Trump stated that removing the tariffs would be a disaster for the country’s economy.
