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Republicans Break Ranks as House Moves to Roll Back Trump-Era Tariffs on Canada

An officer patrols the grounds of the U.S. Capitol on Feb. 6, 2026. The House of Representatives voted Wednesday on a resolution to nullify the basis of President Donald Trump's tariffs against Canadian goods. In a rare departure from party unity, the U.S. House of Representatives voted to roll back portions of former President Donald Trump’s tariffs on Canadian goods. The bipartisan measure reflects growing concern among lawmakers—particularly Republicans from agricultural and manufacturing districts—about the economic strain these duties have placed on U.S. businesses. The vote signals a notable shift within the GOP, where skepticism toward tariffs has been rising as industries report higher costs and disrupted supply chains. Supporters of the rollback argue that easing tensions with Canada, one of America’s closest trading partners, will help stabilize cross‑border commerce and reduce pressure on domestic producers. Opponents, however, maintain that the tariffs were originall...
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U.S. stocks retreat from record highs ahead of jobs data


U.S. stocks ended lower on Monday, pulling back from record highs reached last week. The S&P 500 fell 0.5%, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite dropped 0.8%.

Investors were cautious ahead of some key reports this week on the U.S. economy, especially the jobs market The reports could provide more clues on the Federal Reserve’s stance on interest rates and inflation.

Technology and communication services stocks were among the biggest losers on Monday. Microsoft, Nvidia, Meta Platforms, and Netflix all declined more than 1.5%. Alaska Air Group plunged 14.2% after announcing a deal to buy Hawaiian Airlines.

Markets in Europe and Asia closed mixed on Monday. U.S. crude oil prices fell 1.4%, easing some inflationary pressure.

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