Senate Rejects Attempt To Rescind Trump’s ‘Liberation Day’ Tariffs as Potential for Recession Rises | The New York Sun

Senate Vote on Trump Tariffs

The Senate narrowly rejected a resolution introduced by Senator Rand Paul to overturn President Trump's "Liberation Day" tariffs. The vote was 49-49, with Vice President Vance casting the deciding vote to table the resolution.

Bipartisan Concerns

The resolution, co-sponsored by Senator Ron Wyden, aimed to reassert Congress's constitutional authority over taxation. While it had bipartisan support, it ultimately failed due to the absence of key Senators and lack of sufficient Republican votes.

Economic Concerns

The article highlights the growing concern over a potential recession amid the economic impact of the tariffs. JPMorgan Chase CEO Jamie Dimon predicted a recession as a likely outcome.

House Obstacles

Even if the Senate had passed the resolution, its prospects in the House were dim. House Speaker Johnson's rule change makes it difficult to challenge the president's tariffs without Republican leadership's support.

Key Players

• Senator Rand Paul (KY): Resolution sponsor, libertarian, critical of tariffs.
• Senator Ron Wyden (OR): Resolution co-sponsor, Democrat.
• Senator Mitch McConnell (KY): Republican, criticized Trump's tariff use.
• House Speaker Johnson: Republican, supportive of Trump's tariff strategy.