Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
In a rare display of disapproval against U.S. President Donald Trump, the Republican-led U.S. House on Wednesday passed a resolution rejecting his tariffs against Canada, a signature economic policy of his.
Several Republicans crossed the aisle to support the resolution, even as Trump threatened that dissidents from the party would “seriously suffer the consequences come Election time, and that includes Primaries,” in a Truth Social post.
Clearing the House means the bill now heads to the Senate, which approved similar resolutions last year. However, the effort is likely symbolic since Trump can, and likely would, veto the legislation.
U.S. stocks, meanwhile, retreated on AI jitters and following better-than-expected January jobs data, with the Dow snapping a 3-day winning streak.
