House Rebukes Trump by Voting to Rescind Canadian Tariffs
The USA House of Representatives passed a resolution to rescind trade tariffs on Canada, defying explicit threats from Donald Trump against dissenting Republicans.Markets reacted to the legislative shift and a strong January jobs report of 130,000 positions, which lowered expectations for Federal Reserve interest rate cuts.Mark Carney welcomed the decision while stocks for
Salesforce and
ServiceNow fell following concerns regarding artificial intelligence and
Elon Musk's
xAI.