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07.11.26 - 15:51
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Canada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump′s Smoot-Hawley Levies... But Veto Math Says Good Luck (ZeroHedge)
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Canada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump's Smoot-Hawley Levies... But Veto Math Says Good Luck
Three days after a blue tsunami swept both chambers, Democrats have picked their first trade fight, and it's the one they have already won three times.According to the WSJ, Democrats are eyeing President Trump's trade war with Canada as the first target in a campaign to roll back the administration's tariff agenda, according to Senate Finance's top Democrat (and soon its chairman), Oregon's Ron Wyden."There is overwhelming support for repealing the tariffs on products from Canada," Wyden told the Journal, adding that he is already talking with colleagues about legislation once he takes the committee gavel in January, and that "Congress must take away the president's ability to unilaterally and arbitrarily impose tariffs."Overwhelming, maybe. Veto-proof? Not even close, and as we show below, the timing is even worse: the next (and bigges...
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06.11.26 - 08:18
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Canadian Dollar Slides Against Most Majors (AFX)
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OTTAWA (dpa-AFX) - The Canadian dollar weakened against most major currencies in the Asian session on Friday. The Canadian dollar fell to 9-day lows of 1.4050 against the U.S. dollar and 112.32 ag......
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