4 Republican senators break from party to pass new Democrat resolution to reverse US tariffs on Canada - NTR, EWC, MG, XIC stocks impacted
**What stocks this news impacts**
The **STOCKS and TICKERS** that are impacted by this by **economic policy** news are the following: Canadian ETFs (**XIC, EWC**) and Canadian companies that would benefit from a tariff reversal (**NTR, MG**)
**These stocks are expected to be impacted because was reported 2 hours ago that there's enough Republicans that have crossed the floor to work with Dems on a tariff removal resolution (just for Canada, not for the Liberation Day international tariffs)**
\- Democrat Senator Tim Kaine has launched a resolution in the US senate to reverse tariffs on Canadian imports to the US. It's co-sponsored by Senators Amy Klobuchar (Democrat) and Rand Paul (Republican).
\- To pass all Democrat senators need to support it, with support from 4 Republican senators. Mitch McConnell, Lisa Murkowski, and Susan Collins have voiced concerns with tariffs and are expected to support the resolution which would help it pass. Decision was expected either yesterday or today.
**Note**
\- This is not a political post, it makes no comment of if tariffs are good or bad, or if one party is better than the other.
\- The only thing this talks about is a new devolpment that enough senators across both parties may pass an economic policy reversal
\- This was first reported 2 hours ago, and was not previously posted
\- It is relevant to stocks and investing, as the economic outlook for many US/Canada listed stocks will change if tariffs are removed.
**Source**
[https://thehill.com/homenews/senate/5227360-donald-trump-mitch-mcconnell-gop-tariff-democrat-resolution/](https://thehill.com/homenews/senate/5227360-donald-trump-mitch-mcconnell-gop-tariff-democrat-resolution/)
[https://financialpost.com/news/u-s-senate-vote-challenge-trump-justification-tariffs](https://financialpost.com/news/u-s-senate-vote-challenge-trump-justification-tariffs)
[https://truthsocial.com/@realDonaldTrump/posts/114266599439835683](https://truthsocial.com/@realDonaldTrump/posts/114266599439835683)
