House Votes to Rescind Trump Tariffs Amid Bipartisan Pushback, Crypto Markets Watch for Macro Impacts

The U.S. House delivered a rare bipartisan rebuke to Trump-era trade policy, voting 219-211 to repeal tariffs on Canadian goods. Six Republicans broke ranks as Democrats framed the vote as a choice between economic relief and political loyalty. 'This is about whether Congress serves kitchen-table economics or one man’s trade wars,' said Rep. Gregory Meeks (D-NY), author of the resolution.

The move comes as midterm elections loom, with crypto traders monitoring potential macro ramifications. Tariff policies have historically correlated with commodity-linked crypto assets like BTC and ETH, which often react to dollar weakness or trade flow disruptions. Markets showed muted reaction during the vote, with bitcoin holding steady near $30K.

Trump’s threat of 100% tariffs on Canadian goods if it proceeds with a China trade deal hangs over the proceedings. Such escalation could benefit decentralized finance tokens like DAI or privacy coins such as XMR by accelerating demand for censorship-resistant rails—though none were explicitly mentioned in the legislation.