🔥 Breaking: House Rejects Tariff Obstruction, Trump's Tariff Policy Hit Hard by Congress
📢 On the evening of February 10, Eastern US time, the House rejected Republican Speaker Johnson's motion with a vote of 217 to 214 — the motion aimed to delay the vote against Trump's tariffs until July. Three Republican lawmakers crossed over and voted against the motion along with all Democrats.
📢 This means Congress can directly vote to overturn the tariffs; a resolution to terminate the tariffs on Canada has already passed on Wednesday. The tariffs have been criticized as "disguised tax increases," adding over a thousand dollars in annual burden for each household. For the cryptocurrency market, easing trade frictions and potential weakening of the dollar are favorable for risk assets.
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