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US House Speaker Johnson fails in an effort to block votes on measures to rescind Trump’s tariff policies, according to CNN's Manu Raju

Newsquawk Staff ·

US House Speaker Johnson fails in an effort to block votes on measures to rescind Trump’s tariff policies, according to CNN's Manu Raju.

What it means

The failed attempt by US House Speaker Johnson to block votes on rescinding Trump's tariff policies signals continued uncertainty in US trade policy. This could impact market sentiment, particularly in sectors sensitive to tariffs, such as commodities and equities, as traders assess potential shifts in trade dynamics. The implications for the USD and global markets, especially in relation to other currencies and commodities, are significant as this political landscape evolves.

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