This resolution would cancel an emergency declaration that President Trump made on February 1, 2025, which added extra taxes on goods coming from Canada. Right now, most Canadian products face an additional 25% tariff (a tax added to the price), while Canadian energy products face a 10% additional tariff. If this resolution passes, those extra tariffs would go away and trade with Canada would return to its previous terms.

This affects anyone who buys products made in Canada or containing Canadian materials—which includes a lot of everyday items like cars, car parts, food, and other goods. When tariffs go up, companies often pass those costs along to consumers, so removing these tariffs could potentially lower prices on Canadian goods. It also affects Canadian companies that export to the United States, as they would no longer face these extra costs that make their products more expensive to sell here.

A joint resolution terminating the national emergency declared to impose duties on articles imported from Canada.

Kaine, Tim

<p>This joint resolution terminates the national emergency declared by President Donald J. Trump on February 1, 2025, which imposed an additional 25% tariff on most imports from Canada (except for Canadian energy or energy resources, which have an additional 10% tariff).</p>