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White House threatens to veto Senate measure nixing Trump's global tariffs - Live Updates
White House threatens to veto Senate measure nixing Trump's global tariffs - Live Updates

Politico

time28-04-2025

  • Business
  • Politico

White House threatens to veto Senate measure nixing Trump's global tariffs - Live Updates

The White House is warning that President Donald Trump will veto a bipartisan Senate resolution that would terminate his sweeping global "Liberation Day" tariffs. The statement of administration policy from the Office of Management and Budget, sent to congressional offices Monday, comes ahead of an expected vote this week forced by several Democrats led by Sen. Ron Wyden of Oregon and Republican Sen. Rand Paul of Kentucky. 'This resolution would undermine the administration's efforts to address the unusual and extraordinary threats to national security and economic stability, posed by the conditions reflected in the large and persistent annual U.S. goods trade deficit,' the administration wrote. It added that 'there can be no doubt that S.J. Res. 49 — if passed — would undermine U.S. national and economic security. If S.J. Res. 49 were presented to the president, he would veto it.' The vote on the resolution to nix Trump's global tariffs comes after the Senate voted earlier this month to undo separate levies on Canada. Four Republicans backed the effort: Sens. Susan Collins of Maine, Lisa Murkowski of Alaska, Mitch McConnell on Kentucky and Paul. The White House also previously threatened to veto bipartisan legislation spearheaded by Sens. Maria Cantwell (D-Wash.) and Chuck Grassley (R-Iowa) that would have strengthened Congress' role in deciding tariffs policy. Even as Trump's actions have roiled markets and sparked unusually public unease among a swath of GOP lawmakers, there's little appetite currently for legislation that would curb his tariff powers.

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