Is it too optimistic to think that Trump's tariff policy has been abolished?!!
On October 31, the U.S. Senate initiated a vote to terminate the comprehensive tariff agreement signed by Trump in April of this year.
51 votes in favor, 47 votes against. It has passed.
However, it still needs to go through a vote in the House of Representatives. Currently, the House is controlled by the Republicans, so the probability of it passing is not high.
Even if the Republicans pass it, it will still require Trump's signature to take effect.
If Trump refuses to sign, and still wants it to pass, it requires more than 2/3 approval from both the Senate and the House of Representatives.
With Trump's current control in the U.S., the probability of this happening is estimated to be low!
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Is it too optimistic to think that Trump's tariff policy has been abolished?!!
On October 31, the U.S. Senate initiated a vote to terminate the comprehensive tariff agreement signed by Trump in April of this year.
51 votes in favor, 47 votes against. It has passed.
However, it still needs to go through a vote in the House of Representatives. Currently, the House is controlled by the Republicans, so the probability of it passing is not high.
Even if the Republicans pass it, it will still require Trump's signature to take effect.
If Trump refuses to sign, and still wants it to pass, it requires more than 2/3 approval from both the Senate and the House of Representatives.
With Trump's current control in the U.S., the probability of this happening is estimated to be low!