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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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Market Rebound Amid Weekly Losses

                                         

U.S. stock futures showed signs of recovery on Friday after a challenging week marked by steep losses. Futures tied to the S&P 500 rose by approximately 0.9%, while the tech-heavy Nasdaq 100 saw a 1.1% increase. The Dow Jones Industrial Average futures also climbed by 0.6%.

This rebound comes after the S&P 500 entered correction territory, joining the Nasdaq Composite in a sharp downturn. The week has been turbulent, with markets reacting to uncertainties surrounding trade policies and economic data. However, optimism grew as political developments suggested a reduced risk of a government shutdown.

Despite the day's positive momentum, all three major indexes are on track for significant weekly losses, reflecting the broader challenges faced by the market. Investors remain cautious as they await further economic indicators and policy updates.

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