The US Senate has voted to repeal global tariffs imposed by Donald Trump on the European Union, Japan and South Korea. This is reported by The Hill.
The vote came after senators supported the abolition of tariffs on Canada and Brazil the previous day. Four Republican senators joined Democrats in approving a bipartisan resolution that repeals high tariffs on the EU, Japan and South Korea.
The vote was a repeat of the resolution that failed to pass in April due to a tie, when Vice President J.D. Vance’s vote was decisive. The House of Representatives is unlikely to take up the issue.
Earlier, Donald Trump reduced Chinese tariffs after meeting with Xi Jinping in South Korea. On board Air Force One, he told reporters that the United States would reduce tariffs imposed on China over fentanyl by 10 points.
Recall that in April, Donald Trump announced unprecedented tariffs on imports of goods from more than 180 countries – rates ranged from 10% to 50%. Then, speaking in the Rose Garden near the White House, Trump announced “very, very good news”.
However, on April 9, the American leader temporarily suspended the effect of these tariffs. The United States began negotiations on the introduction of additional tariffs with more than 75 countries that had made relevant proposals. After several delays, the tariffs on countries that have not signed agreements with the United States went into effect on August 1.
In late August, a U.S. appeals court ruled that the Trump administration’s tariff measures were illegal, finding that the International Emergency Economic Powers Act of 1977 did not authorize the president to impose such large-scale import taxes. In response, Trump said that eliminating the tariffs would be a disaster for the country’s economy.
