Russia memo sees return to Dollar system in pitch to Trump

MAJORITY OF U.S. HOUSE BACKS RESOLUTION TO END TRUMP’S CANADA TARIFFS; VOTING CONTINUES U.S. HOUSE APPROVES RESOLUTION TO END TRUMP’S CANADA TARIFFS BY 219–211 ... US House passes 219–211 resolution to end Trump’s Canada tariffs (there is a but ...) The U.S. House of Representatives voted 219–211 to pass a resolution seeking to terminate former President Donald Trump’s tariffs on Canada, marking a rare bipartisan rebuke of executive trade authority. The resolution, introduced by Representative Gregory Meeks, aims to end the national emergency declaration that provides the legal basis for the Canada tariffs. Six Republicans joined Democrats in voting yes, while one Democrat opposed the measure. The tariffs were imposed under emergency powers authorities, a legal pathway that allows a president to restrict trade on national security grounds. Critics argue this approach sidelines Congress’s constitutional authority over trade policy and stretches the definition of national emergency. However, the House vote alone does not immediately lift the tariffs. For the resolution to take effect, it must also pass the U.S. Senate. Even if approved there, it would then require presidential signature, or, if vetoed, a two-thirds majority in both chambers to override. Given Republican support for Trump’s trade strategy and the high bar required for a veto override, the resolution faces significant hurdles. Politically, the vote puts members on record ahead of broader trade debates and signals unease among some Republicans about the economic impact of tariffs, particularly on cross-border supply chains and consumer prices. The move could also increase pressure on the Senate to take up the measure, though its path forward remains uncertain. For markets, the vote is more a political signal than an immediate policy shift — but it underscores that congressional scrutiny of executive tariff powers is intensifying.

S.Korea Finmin: Plans to step up monitoring of crypto markets S.Korea Finmin: Rising volatility in the crypto market expected to have limited impact on financial markets

Trump: The jobs report was amazing in certain ways.