🏛️ REBELLION IN D.C.: GOP Defectors Join Dems to Crush Canada Tariffs! 🇺🇸🇨🇦
In a massive blow to the administration's "Emergency" trade agenda, the House just voted 219-211 to kill the 35% tariffs on Canadian goods. Despite a direct threat of primary challenges from the White House, six Republicans crossed the aisle to "detonate" the trade wall.
🗳️ The "Defiance" Tally: 219 — 211
YES (219): Nearly every Democrat + 6 GOP "Renegades."
NO (211): 210 Republicans + 1 lone Democrat.
The GOP Rebels: Bacon (NE), Fitzpatrick (PA), Hurd (CO), Kiley (CA), Massie (KY), and Newhouse (WA).
🚨 Why Your Portfolio is Shaking:
Veto Showdown: The President has signaled a "swift and certain" veto. To actually kill the tariffs, the House needs 290 votes—meaning they are still 71 votes short of a real rollback.
The $1,400 Tax: New data from the Yale Budget Lab suggests these tariffs are costing the average U.S. household $1,400 a year. Markets are betting that political pressure will force a "deal" before the July CUSMA review.
SCOTUS is the Real Boss: All eyes move to the Supreme Court. If the court rules the "National Emergency" was a legal stretch, the tariffs could vanish overnight regardless of a Presidential veto.
🎯 The Play:
Watch the USD/CAD pair closely. This vote is the first crack in the tariff armor. If the Senate passes this next week, expect a rally in Canadian-linked energy and timber stocks as the "Veto War" begins.
👇 Is the Trade War finally ending?
