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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, Oct. 31 (Xinhua) — The U.S. Senate voted 51-47 on Thursday to lift the national emergency declared by U.S. President Donald Trump when he imposed global tariffs in early April.
As The Washington Post reported on Thursday, the vote is symbolic because the US House of Representatives has barred voting on Trump's tariff repeal bills until the end of March next year.
While most Republicans voted against the measure, four Republicans joined Democrats in voting to end the national emergency.
Earlier this week, the Senate, with bipartisan support, passed two other resolutions aimed at eliminating tariffs on goods from Canada and Brazil, respectively.
This indicates that a growing number of American lawmakers disagree with the Trump administration's aggressive use of tariffs to alter US trade relations, the newspaper notes.
Having declared an international emergency due to the “large and persistent trade deficit” in international trade relations, D. Trump in early April imposed a 10 percent tariff on all countries and additional “equivalent” tariffs on countries that have the largest trade imbalance with the United States.
The US Supreme Court will hold a hearing on Donald Trump's tariffs on November 5. Two lower courts have found Donald Trump's tariffs illegal, and Donald Trump has appealed the case to the Supreme Court.
According to U.S. Customs and Border Protection, the United States collected approximately $88 billion in tax revenue from tariffs in August. The Tax Foundation estimates that tariffs are expected to increase taxes by more than $1,600 per household annually and reduce gross domestic product by 0.5 percent over the next decade. –0–
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