The United States Senate On Wednesday a bipartisan bill rejected to revoke the wide tariffs that President Donald Trump imposed at the beginning of the month.
The vote ended in a draw, 49 votes in favor and 49 againstafter three Republican legislators – the party that has the majority in the upper house – joined the Democrats in support of the project.
The measure He sought to put an end to the national emergency that Trump declared to implement his global tariffs and was supported by the Republican senators – of moderate -rand Paul of Kentucky, Susan Collins de Maine and Lisa Murkowski of Alaska.
However, even if he had achieved the necessary votes, The project would not have had the ability to reverse the commercial war of the president, since the White House warned that he planned to veto it. Several legislators of both banks have expressed their discontent with Trump’s economic policy, which It already resulted in a 0.3 % reduction in the gross domestic product (GDP) of the country, the first negative quarterly data since 2022.
The same day that the president announced the tariffs, in an event that nicknamed ‘Day of Liberation’the Senate spent a resolution to try to freeze some taxes already imposed on Canada.
According to data published on Wednesday by the Bureau of Economic Analysis (BEA), the contraction of GDP of this first quarter of the year is due to the increase in imports and a reduction in government spending. The intertrametral data contracted a little less than 0.1 %.
Consumer spending, a key fact For the US economy, 1.8 % grew in the first quarter of the yearbut below the level of the previous six months.
In one more example of the uncertainty created by Trump’s commercial war, which has announced and suspended tariffs on several occasions, Analysts were waiting for a 0.4 % rise in the first calculation of GDP for the first quarter, But later they estimated that the data would be negative. The president blamed his predecessor, Joe Biden, for the contraction of the economy and denied that his aggressive tariff policy has had something to do.
